We live economically unstable times that reveal authentic traps for many savers with all types of bubbles, subprime, bank foreclosures going on and still, all the inaccurate and uncomplete information.
The right choice, will eventually turn out to be direct investments in real economy assets, allowing Savers decide in self conscience, if the best will be to “invest, hold or dispose of” the assets.
At TechLace, we believe every cent should be invested directly in the development and implementing of products and services thus providing “Investors / Consumers”, the opportunity to make a qualitative leap into future, because what appears to be isolated individual financial decisions, will become a huge paradigm turnover in business financing and project in development investment:
Theoretical and Scientific development phases of Products;
Laboratory prototype phase;
Industrial prototype development phase;
Market research and business project development;
Assets are items of economic value held by Individuals or Corporations and may be converted into money and may be identified as “Tangible Assets” like buildings, stocks or tool, and “Intangible Assets” like trademarks, patents or copyrights.
TechLace assets are not available to Public in general, but restricted to our qualified members only or personally invited. It will be based on Portuguese law and its legal figures, such as Shareholder’s Loan Agreement (SLA) or Crowdfunding any other legal figures in order to accomplish the desired added value for each “Asset”, “Member”, “Partner”, “Customer”, “Supplier” and be able to meet our “Tax Obligations”.
Although SLA is not a recent legal figure in Portuguese legislation, detailed analysis show growing importance in times of financial crisis as we’re experiencing. Indeed, at a time of weak capitalization of the Portuguese banking system, the SLA can provide a solution for the financial “nest-egg” of many companies and in our case, it may become a mechanism to overcome the capital insufficiency of presented projects and services assets, whilst being an investment for the shareholder with latter interest rates depending on the asset’s accomplishments. So, SLA can be seen as a “sweet hanging fruit” which is easier to be obtained compared to bank financing and a flexible instrument offering a win-win situation, thus being particularly pertinent in the current crisis.
Sponsoring by crowdsourcing is in the eyes of Portuguese Law is a longstanding issue. Never the less, it is imperative for all party’s interest that a relevant solution can be achieved.