LCA: L&L Credit Agency...

Stability and information bring knowledge to the market.

Total shares: 5,000,000

Prospectus

Company Tagline

Stability and information bring knowledge to the market.

CEO's Real Life Name

Sheffie Cochran

CEO's Real Life Location

Fairburn, GA

Board of Directors

Chairman, Lindsay Druart
Director, Luke Birdbrain
Director, LNLBT Miles (LLBT Alt)
Company Alt, LNLCA Dawes

Cash on hand

27000

Land owned

880

Tangible Assets

700000.00

Stopping the default with business positioning

It is with great pleasure that I present the L&L Credit Reporting Agency. The L&L Credit Reporting Agency has been on the books for a long while as a part of the L&L Bank and Trust but in going back to the drawing board on unsecured services, we have decided that this product should be a totally separate ideal in order to be effective.

This credit reporting agency seeks to replace the SL rating system by giving business an opportunity to share information about their dealings with avatars. Land companies will be able to report tier payment. Banks will be able to upload information about loans and credit cards. Stock exchanges will be able to report defaults.
In addition to personal services, we seek to assist businesses in managing debt by being an integral part in their success from the beginning as well as assisting current businesses with debt collection. We will be the gatekeeper that will work hard to diminish default and act as trustee for defaulting businesses to alleviate market stress and scandals. The solution here is to be proactive to insure profitability of businesses than to be reactive in assisting stakeholders.

While this will not stop fraud in SL, it will give all residents a common database of information that will help them in how they do business in SL. We seek to be part of the solution in bringing information full circle with a set up similar to RL credit reporting agencies. In addition to this, we would like to add in services similar the RL small business associations by positioning companies for success. This program has been in the works for a few months now and we are ready to take the market by storm now that the summer crunch is over. Look for great things from L&L Credit Reporting Agency.

Business Overview

Personal Services:
L&L Credit Reporting Agency will gather information from area business and land owners to establish a credit file for residents. This credit file can be used by other businesses to determine the level of trust and reliability the avatar holds in Second Life. The information here will be but is not limited to:

Tier Payments to Private Land owners
Rental History
Bank Loans/Credit Lines/Credit Cards
Employment
Related Alts (only disclosed by the avatar)
Companies Owed/Worked for
Defaulted payment information
Stock Exchange Affiliations
Marketing potential (likes and dislikes)

This centralized database may include RL information but that will only be supplied at the avatar's discretion and request. The avatar will have to give LLCA permission to store and release this information.

Holding people accountable for their actions in world is the ultimate goal.
Business services:
As a value added feature, we plan to offer fee-based investigative services for companies such as stock exchanges and banks to insure validity of information provided. This would be above and beyond the basic scope of the credit file and information found will be uploaded to the credit file itself. This information will be reported to the company requesting as well as the person being requested.
In addition to investigative services, we will assist start up companies with positioning themselves for stock market viability. IPO Validation and IPO Inclusion are both services that will complete due diligence on companies that have no existing history in SL to do what is needed to safeguard the company itself for success as well as diminish risk to the mass market. IPO Inclusion takes the investigation a step further to actually evaluate the IPO to keep in line with the actual needs of the business and allow them access to the market temporarily until viable enough to move into mass trading.

Bankruptcy and Trustee services are available to assist companies with liquidating assets to continue business as well as consolidating assets to sell and close a business. This assistance would include scheduling debts on priority for companies to be able to pay off. In addition, LLCA will take on company debt and attempt to collect as a collection agency via direct purchase of the debt or debt facilitation.

Business Strategy

Our strategy is transparency and usability. By giving avatars the option to disclose alts and RL information, they can enhance their own credit files and scores by presenting themselves to be trust worthy. RL information will be verified before it can be stored in the database. The customer will sign a release form that will be stored electronically in their credit file that will allow us to maintain and release RL information should it be requested. This is a complete OPT-IN service.

Area businesses can work together to diminish default in SL as one bad experience can affect resident confidence, thus affecting us all. We will market the product to area businesses on a fee-based system that will allow them to upload and request avatar information. It is in the best interest of the company to do so to insure that they are not providing services that are easily defaulted on.

The scoring system will be set up like the Equifax index ranging in scores from 300-900. Multiple inquires in a short period of time will affect the score along with outstanding debts and late payment history. Positive payment history of course will create a higher credit score. Businesses will be able to post statement in the file that will be reviewed by staff before being public on the file to insure professionalism. Avatars will also be able to place a statement on file.

The system is primarily web based but will include a registration system in world to start the file. Once the file is started, a company can import information. If the information is imported and there is no UUID on file, the file will be created and linked once the UUID becomes available.

Facilitation of Bankruptcy will allow SL resident that are having issues with debt to repay with dignity and still hold credibility in the community. This will diminish people from resulting to alt accounts and restore confidence in the market as people take accountability.
Assisting start up companies with operations and business plans will allow new companies into the market to not make the same mistakes of predecessors and allow them to have the knowledge of the longer companies. They will also be able to position themselves to investors and venture capitalists to get the opportunities they need to function. Investors and venture capitalists will know risk factors ahead of time and we plan to manage that risk by holding back portions of funds in the IPO Inclusion service to safeguard a percentage of risk involved.
LLCA Fee Schedule

Credit Files

User: A user is the avatar that has the report on file. The user can only view his or her file.

View Report (1 time per month) – Free
View Report (more than once per month) - $100L
Investigation (includes any discrepancies on report at time initiated) - $100L
Inclusion of RL information (includes investigation to validate and all documentation) - $300L

****NOTE: RL Information is optional and the avatar will sign a disclosure agreement allowing their information to be viewable by Enterprise Corporate customers. Avatars that have RL information on file DO NOT have to authorize it to be viewed by anyone other than LLCA staff.

Basic Corporate: A validated business that will use the services of the database and uploads information. Basic Corporate customers can view any avatar but will not have access to view RL information or documents associated with the file and may have limited file information.

View Report - $200L
Bulk Reports (125) - $20,000
Bulk Reports (500) - $80,000
Bulk Reports (1000) - $150,000

Enterprise Corporate: A validated business that will use the services of the database and upload information. Enterprise Corporate customers can view all facets of the report and request further validation of RL information if the avatar has authorized it to be viewed.

Membership Fee (Quarterly, 1500 reports) - $150,000L
Membership Fee (Monthly, 500 reports) - $60,000L
Each additional report - $75L
Preferred Lender Status (for Debt Management Services, Quarterly) - $50,000L

Debt Management and Trustee Services: These services are available to any user. You do not have to be a corporate customer to use the business services. Currently, Debt Consolidation is done via negotiation. In the future, Enterprise Corporate banks may opt to become a preferred lender to assist in debt consolidation. Collateral may be needed. Payment structure is negotiable.

Personal:
Debt Consolidation and Trustee Services- $100L per $10,000L debt

Business:
Business Plan Consultation - $1500
IPO Validation and Consultation - $1000
IPO Inclusion (Maximum 90 days, $100,000) - 3% Transaction Fee (2% held for risk management)
Debt Consolidation Negotiation and Trustee Services - $500L per $10,000L debt
Collections Services - $200 per $10,000L debt
Debt Sale - Negotiable

Business Strengths

LLCA has many strengths that are evident. First and foremost, management has a long standing background in SL and financial services in SL along with the stock exchanges. Since this is a system based business, there are little tangible assets needs that would impede on profits. This is a service to SL but the profit margin is also high as overhead is tremendously low considering the database will run itself for the most part.

Avatars will be able to dispute information and that information will be investigated to insure accuracy. We don't just accept information and not let it be scrutinized. We will conduct investigations of file and report the findings just as submitting a dispute with a RL credit reporting agency.

The system will be user friendly providing options for businesses to upload via TSV and pull reports fairly quickly. The fee-based service will be tiered via expected credit pulls per month and the per file will be just that.

By including stock exchange affiliations and employment, this opens the database to marketing potentials. This will be an OPT-IN feature for customers to decide if they want to be contacted about certain products. The database can potentially be open to marketing throughout SL but considerable research and development will be conducted to insure the validity of the company requesting information as well as their marketing strategy.

Currently, the market has been plagued by fraud. While we cannot stop it, we can at least document and find these issues before they turn into tremendous monetary loss. Also, it is hard to trust even the honest. Our system will allow those people a third party opportunity to prove themselves so to speak. We seek to help the community by holding people as liable as possible within the scope of the SL TOS and the US law.

Use of Capital

The use of capital is for the development and maintenance of the system until profits are feasible enough to sustain. We are working with Tango 11, the creator of the SL CapEx and L&L Bank and Trust systems, to build the system that will be primarily web based.

Land is being provided by L&L Rentals and Sales but we will be responsible for monthly tier.

Risk Factors

The only risk factor we foresee is database stability. As the database grows it may become slower and we have to upgrade to hold the information.

A competing agency is not a concern as indexes may be different and more than one agency is needed anyway to house SL residents.

Validity of information provided is a risk but the investigations process should diminish that.

Start up companies may have a higher rate of default but each IPO would be in line with the needs of the business determined by the analysts and risk factors made public long before an investor take part in the mini market. Holding transaction fees for risk management will diminish this.

Management

Lindsay Druart, Chairman of the Board
CEO, L&L Corporation
Chairman of the Board, L&L Bank and Trust
Chairman of the Board, L&L Rentals and Sales
CEO, L&L Virtual Holdings, Inc (RL: Sheffie Cochran)

Luke Birdbrain, CCO
CEO, L&L Bank and Trust
Executive Director, L&L Rentals and Sales
CEO, Aquatica, Inc
CEO, L&L Virtual Holdings, Inc (RL: Joseph A. Jiblets)

Currently hiring for:
CEO, CFO, and other positions