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Local Choice CCrowdfunding $50K to $1.07M in Crowd Note

Filed: 22 Jun 18, 12:42pm

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Associated filings

15 Apr 20 C-TR Termination of reporting (crowdfunding)
2018 FY C-AR Annual report (crowdfunding)
21 Aug 18 C-U Progress update (crowdfunding)
22 Jun 18 C Crowdfunding $50K to $1.07M in Crowd Note

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schemaVersion:

Form C: Filer Information

Filer CIK:	0001741753
Filer CCC:	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Is this an electronic copy of an official filing submitted in paper format in connection with a hardship exemption?
Would you like a Return Copy?

Submission Contact Information

Name:
Phone Number:
Contact E-Mail Address:
Notify via Filing Website only?

Form C: Issuer Information

Issuer Information

Name of Issuer:

Local Choice Inc.

Legal Status of Issuer:

Form:

Corporation

Jurisdiction of Incorporation/Organization:

SOUTH CAROLINA

Date of Incorporation/Organization:

12-21-2010

Physical Address of Issuer:

Address 1:	63 Dalton Street
City:	Daniel Island
State/Country:	SOUTH CAROLINA
Mailing Zip/Postal Code:	29492
Website of Issuer:	www.localchoicespirits.com

Intermediary through which the Offering will be Conducted:

CIK:	0001683054
Company Name:	First Democracy VC
Commission File Number:	007-00076
CRD Number:	285360

Form C: Offering Information

Offering Information

Amount of compensation to be paid to the intermediary, whether as a dollar amount or a percentage of the offering amount, or a good faith estimate if the exact amount is not available at the time of the filing, for conducting the offering, including the amount of referral and any other fees associated with the offering:

The issuer shall pay to the intermediary at the conclusion of the offering a fee consisting of seven percent (7.0%) commission based on the amount of investments raised in the Offering.

Any other financial interest in the issuer held by the intermediary, or any arrangement for the intermediary to acquire such an interest:

The intermediary will receive a number of Crowd Notes of the issuer that is equal to two percent (2.0%) of the total number of Securities sold by the issuer in the Offering.

Type of Security Offered:

Other

Specify:

Crowd Note

Target Number of Securities to be Offered:	50000
Price:	1.00000
Target Offering Amount:	50000.00
Maximum Offering Amount (if different from Target Offering Amount):	1070000.00

Oversubscriptions Accepted:	Yes No
If yes, disclose how oversubscriptions will be allocated:	Other
Provide a description:	At the Company's discretion
Deadline to reach the Target Offering Amount:	08-20-2018

NOTE: If the sum of the investment commitments does not equal or exceed the target offering amount at the offering deadline, no securities will be sold in the offering, investment commitments will be cancelled and committed funds will be returned.

Form C: Annual Report Disclosure Requirements

Annual Report Disclosure Requirements

Current Number of Employees:	0
Total Assets Most Recent Fiscal Year-end:	743574.00
Total Assets Prior Fiscal Year-end:	873672.00
Cash and Cash Equivalents Most Recent Fiscal Year-end:	84396.00
Cash and Cash Equivalents Prior Fiscal Year-end:	176286.00
Accounts Receivable Most Recent Fiscal Year-end:	113853.00
Accounts Receivable Prior Fiscal Year-end:	198377.00
Short-term Debt Most Recent Fiscal Year-end:	128628.00
Short-term Debt Prior Fiscal Year-end:	373690.00
Long-term Debt Most Recent Fiscal Year-end:	25000.00
Long-term Debt Prior Fiscal Year-end:	25000.00
Revenue/Sales Most Recent Fiscal Year-end:	1689008.00
Revenue/Sales Prior Fiscal Year-end:	1147413.00
Cost of Goods Sold Most Recent Fiscal Year-end:	866751.00
Cost of Goods Sold Prior Fiscal Year-end:	502496.00
Taxes Paid Most Recent Fiscal Year-end:	25.00
Taxes Paid Prior Fiscal Year-end:	14.00
Net Income Most Recent Fiscal Year-end:	114963.00
Net Income Prior Fiscal Year-end:	-48531.00

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

ALABAMA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

ALASKA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

ARIZONA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

ARKANSAS

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

CALIFORNIA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

COLORADO

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

CONNECTICUT

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

DELAWARE

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

DISTRICT OF COLUMBIA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

FLORIDA

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GEORGIA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

GUAM

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HAWAII

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IDAHO

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ILLINOIS

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INDIANA

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IOWA

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KANSAS

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KENTUCKY

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LOUISIANA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

MAINE

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MARYLAND

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

MASSACHUSETTS

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MICHIGAN

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MINNESOTA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

MISSISSIPPI

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MISSOURI

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MONTANA

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NEBRASKA

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NEVADA

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NEW HAMPSHIRE

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

NEW JERSEY

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

NEW MEXICO

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

NEW YORK

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

NORTH CAROLINA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

NORTH DAKOTA

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OHIO

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OKLAHOMA

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OREGON

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PENNSYLVANIA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

PUERTO RICO

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

RHODE ISLAND

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

SOUTH CAROLINA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

SOUTH DAKOTA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

TENNESSEE

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TEXAS

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UTAH

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VERMONT

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

VIRGIN ISLANDS, U.S.

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

VIRGINIA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

WASHINGTON

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

WEST VIRGINIA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

WISCONSIN

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

WYOMING

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

AMERICAN SAMOA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

NORTHERN MARIANA ISLANDS

Form C: Signature

Signature

Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form C and has duly caused this Form to be signed on its behalf by the duly authorized undersigned.

Issuer:

Local Choice Inc.

Signature:

Paula Dezzutti Hewlette

Title:

Director, President, Chief Executive Officer

Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:

Paula Dezzutti Hewlette

Title:

Director, President, Chief Executive Officer

Date:

06-22-2018

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