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10-K - ANNUAL REPORT - Accelerated Acquisition XVII, Inc.aaxvii10k9302012_12202012.htm
EX-31.1 - EXHIBIT 31.1 - Accelerated Acquisition XVII, Inc.aaxviiex311.htm
EX-32.1 - EXHIBIT 32.1 - Accelerated Acquisition XVII, Inc.aaxviiex321.htm
EXCEL - IDEA: XBRL DOCUMENT - Accelerated Acquisition XVII, Inc.Financial_Report.xls
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RELATED PARTY TRANSACTIONS
12 Months Ended
Sep. 30, 2012
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

 NOTE 3  -  RELATED PARTY TRANSACTIONS

               

At inception, the Company has issued 5,000,000 shares of restricted common stock to the majority shareholder for initial funding, in the amount of $2,000.  

 

The Company does not have employment contracts with its sole offer and director, who is the majority shareholder.

 

The sole officer and director of the Company is involved in other business activities and may, in the future, become involved in additional business opportunities that become available.  A conflict may arise in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.

 

We depend on our sole officer and director, to provide the Company with the necessary funds to implement our business plan, as necessary.  The Company does not have a funding commitment or any written agreement for our future required cash needs.

 

The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the sole officer and director of the Company to use at no charge.

 

The above amount is not necessarily indicative of the amount that would have been incurred had a comparable transaction been entered into with independent parties.

 

Accelerated Venture Partners, LLC, the only shareholder of the Company, paid $2,769 operating expenses on behalf of the Company and re-invoice the full amount of expenses to the Company for the period ended September 30, 2012.

 

Accelerated Venture Partners, LLC, advances $825 to the Company and forgive the full amount during the period ended September 30, 2012.