Post 4 Intrastate Crowdfunding With the delay on the federal front, a dozen states have already adopted some form of crowdfunding exemption, which include: Alabama, Georgia, Idaho, Indiana, Kansas, Maine, Maryland, Michigan, Tennessee, Texas, Vermont, Washington, and Wisconsin, as well as the District of Columbia.[1]  Common features of these exemptions include: sales made exclusively withi [read more]
Post 3 SEC Proposed Rules One of the most controversial provisions of the Act and the proposed rules concern the audited financial statements requirement.  Specifically, depending on the offering amount, the SEC would require that the issuer’s financial statements be either certified by the issuer’s principal executive officer (< $100,000), reviewed by an independent public accountan [read more]
Post 2 The JOBS Act The term “crowdfunding” refers to several very different types of funding: donation, pre-purchase, rewards, and investment.  Donor crowdfunding is the solicitation for gifts or donations for personal or charitable causes.[1]  Pre-purchase crowdfunding is the solicitation for pre-production donations or advance purchases in exchange for the produced product or a prot [read more]

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