Fitness Formulary Approved for Minnesota Angel Tax Credit

MINNEAPOLIS - Nov. 26, 2013 - PRLog -- Minnesota's Angel Tax Credit provides a 25-percent credit to investors or investment funds that put money into startup companies focused on high technology or new proprietary technology. The maximum credit is $125,000 per person, per year ($250,000 if filing jointly). The credit is refundable and non-Minnesota residents (including residents of foreign countries) are eligible. For full details, visit http://mn.gov/deed/business/financing-business/tax-credits/angel-tax-credit/for-investors.jsp.

Fitness Formulary has been approved as a qualified business to accept investments from accredited investors who may apply under the Angel Tax Credit program for the 25-percent credit.

Earlier this month, Fitness Formulary launched it’s second round of equity financing in the amount of $1,500,000

Accredited investors wanting to invest from $1,000 to $25,000 should apply at http://wefunder.com/fitnessformulary. Accredited investors wanting to invest more than $25,000 should contact Fitness Formulary directly.

About Fitness Formulary

Fitness Formulary is a one-stop, online retailer offering medically validated recommendations for foods, vitamins, supplements, body, fitness and home products. Our patent-pending Efficacy Engine™ identifies products whose ingredients are scientifically proven to help prevent or treat conditions, with oversight by a Formulary Panel of leading physicians and experts in nutrition, health, fitness, and sports. We share revenues with Health Clubs to help fund improved facilities and programs. America is in a health care crisis. The proliferation of diseases such as obesity, cancer and heart disease contribute to deteriorating lifestyles and rising healthcare costs. Consumers are increasingly looking for alternative therapies and lower costs. Fitness Formulary was conceived to address this situation and to play a leading role in helping educate and guide individuals in the purchase of the right products to help them take charge of their wellness. Visit http://www.fitnessformulary.net