Company Overview
| Company Name |
SBH ASSOCIATES, INC. |
| Company Address |
10639 SCHMIDT ROAD
WALLER, TX 77484 |
| Company Phone |
832-665-1906 |
| Company Website |
-- |
| CEO |
Shelagh Bone Hunter |
| Employees (as of 5/9/2013) |
1 |
| State of Inc |
NV |
| Fiscal Year End |
1/31 |
| Status |
Filed (3/14/2013) |
| Proposed Symbol |
-- |
| Exchange |
OTCBB |
| Share Price |
$0.01 |
| Shares Offered |
2,000,000 |
| Offer Amount |
$20,000.00 |
| Total Expenses |
$45,000.00 |
| Shares Over Alloted |
-- |
| Shareholder Shares Offered |
-- |
| Shares Outstanding |
14,000,000 |
| Lockup Period (days) |
180 |
| Lockup Expiration |
-- |
| Quiet Period Expiration |
-- |
| CIK |
0001571919 |
SBH will apply the proceeds from the offering to pay accounting fees, legal and
professional fees associated with the offering. The total estimated costs of
the offering ($45,000) exceed the amount of offering proceeds ($20,000) if all
shares are sold.
Proceeds of the offering will be used to pay a portion of the expenses of the
offering. As proceeds are received, they will first be used to pay obligations
other than legal fees, with accounting fees being paid first followed in order
by transfer agent fees and Blue Sky related costs. Legal fees, which only are
payable if and when the Registration Statement is declared effective and the
Company receives a trading symbol for its common stock, will be the last items
associated with the offering that will be paid. The amount of costs in excess of
offering proceeds will be paid as and when necessary and required or otherwise
accrued on the books and records of SBH until we are able to pay the full amount
due either from revenues or loans from related or unrelated parties. Absent
sufficient revenues to pay these amounts within six months from the date of this
prospectus, our president has agreed to sign a personal promissory note due and
payable to counsel for counsel’s fees, which become payable at the time that our
registration statement becomes effective and we receive a trading symbol, upon
terms negotiated at the time of note issuance. The promissory note, which is
conditioned upon SBH’s President having the necessary resources to make such
loan when or if funds are necessary therefore, will eliminate unpaid liabilities
on the Company’s books equal to the face amount of the personal promissory note.
Legal fees consist of a significant majority of fees associated with our
offering. Our president has not entered into personal agreements with any other
party associated with the offering.
Instruction 7 to Item 504 of Regulation S-K permits us to reserve the right to
change the use of proceeds, provided that such reservation is due to certain
contingencies that are discussed specifically and the alternatives to such use
in that event are indicated. We are not aware of any contingencies and,
therefore, we will not avail ourselves of this right. Our plans will not change
regardless of whether the maximum proceeds are raised, except to the extent that
our president is responsible for all costs relating to the offering if these
costs are not paid within six months of the effective date of the Company’s
Registration Statement of which this Prospectus is a part provided that we
have received a trading symbol for our shares.
Competition for services that we offer is intense and comes from a great variety
of consulting firms and contractors seeking to expand business opportunities. We
believe that our competitive advantage comes from being able to offer a
significant variety of services relating to both the purchasing and
vendor/subcontractor coordination side of the business and all services needed
in the office. This allows a client to hire one service provider rather than
several.
There are no assurances that our approach will be successful.
Company Description
SBH was founded in 2012 and was incorporated as a C corporation under the laws
of the State of Nevada on December 28, 2012. The incorporation effort included
the Company issuing 12,000,000 shares of common stock to Shelagh Bone Hunter,
who founded and manages the business, which is currently a
development stage
company. These services, which involved the developing a business plan and
incorporation planning, were valued at $12,000.
The Company has no plans to be acquired by or merge with any other company nor
does the Company or any of its shareholders have any plans to enter into a
change of control or similar transaction.
SBH will provide consulting and management services to construction contractors
and subcontractors that function in the Houston Metropolitan Area. These
services will include:
. assisting in work scheduling at job sites,
. obtaining required building permits to avoid construction delays,
. assisting in planning purchasing of construction supplies and deliveries,
. coordinating timing and efforts among employees, contractors and vendors,
. handling and summarizing payroll records,
. handling and summarizing contractor invoices, and
. assisting in and maintaining job records and bookkeeping.
The key selling point for our services is that we will enable small and medium
sized construction companies and contractors to concentrate their efforts and
resources on completing the construction projects and obtaining new business
without committing resources for fulltime employees to handle planning,
recordkeeping and other office procedures, which are costs which often are not
needed on a fulltime basis.
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Our executive offices are located at 10639 Schmidt Road, Waller, TX 77484, and
our telephone number is 832-665-1906.
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