Data / Crowdfunding / Illinois / 'Laine's Bake Shop LLC, BG Consortium LLC
'Laine's Bake Shop LLC, BG Consortium LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $107,000 (2019)
'Laine's Bake Shop LLC, BG Consortium LLC, a limited liability company in Chicago, IL, filed a Form C with the SEC on April 5, 2019 to raise $50,000 to $107,000 in debt through Wefunder Portal LLC. The offering closed on April 12, 2019. In its most recent fiscal year it reported $160,141 in revenue and $18,474 in net income, with 3 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.lainesbakeshop.com
- Funding portal
- Wefunder Portal LLC
- Address
- 11057 South Homewood Avenue, Chicago, IL 60643
- Legal form
- Limited Liability Company
- Jurisdiction
- IL
- Incorporated
- July 18, 2014
- SEC CIK
- 0001732207
Offering terms
From the amendment filed April 5, 2019.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $107,000
- Deadline
- April 12, 2019
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed April 5, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $160,141 | $95,332 | sec.gov |
| Cost of goods sold | $46,723 | $30,272 | sec.gov |
| Net income | $18,474 | $12,315 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $43,309 | $40,590 | sec.gov |
| Cash | $174 | $-1,155 | sec.gov |
| Accounts receivable | $4,681 | $7,304 | sec.gov |
| Short-term debt | $4,747 | $5,527 | sec.gov |
| Long-term debt | $31,987 | $31,286 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 5, 2019 | Amendment | $50,000 | $107,000 | April 12, 2019 | Disclose changes in wholesale partnerships and estimated timelines; extend deadline date for material confirmation | sec.gov |
| August 16, 2018 | Amendment | $50,000 | $107,000 | December 11, 2018 | Correction in contracts section 3(b), and updated business plan. | sec.gov |
| June 15, 2018 | Offering | $50,000 | $107,000 | December 11, 2018 | sec.gov |
Updated April 5, 2019. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.