Alexis, a business savvy entrepreneur and legal scholar, is starting her own business, which she will register in New Jersey, her home state. Her business model is renovating old buildings and making them into luxury rental lofts on the waterfront in New Jersey. She wants to grow this business rapidly, since this real estate, which used to be commercial, has dropped in price due to COVID. Because of this growth need, she plans to become a corporation and sell her stock immediately. That being said, she does not want to wait long and despises the SEC, who she views as nothing more than government red tape. She estimates she wants to sell roughly 20 million in stock and she already has her contracts in place (all contingent upon stock sale) for the real estate purchases. 1. Name the two ways her company can avoid security registration (1 pts) 2. Explain each above and the rules/regulations she would have to follow (2 pts) 3. If she uses either of the method above, what else does she have to worry about (1 pt)