Tag Archives: crowdfunding
As you probably read, the Texas Securities Board approved intrastate crowdfunding yesterday without limiting it to accredited investors. You can read the rules here.
For those wanting to issue equity through intrastate crowdfunding:
Companies may raise up to $1 million per 12-month period
Offerings must be carried out online through a registered dealer or crowdfunding portal.
The company must be … Continue Reading
My friends in the start-up community are excited about recent headlines suggesting the SEC has greenlighted crowdfunding. Leave it to the lawyer in the crowd to suggest they temper their excitement. As lawyers, we are used to telling people to be careful.
The headlines come from two SEC actions that appear to allow AngelList and … Continue Reading
BREAKING NEWS: Crowdfunding is legal. Sort of. Before you start soliciting for investors on Facebook, you need to know that general solicitations to sell equity to your company not listed on the stock exchange or otherwise registered is still illegal. That doesn’t mean you can’t engage in some form of what is considered crowdfunding.
I recently took … Continue Reading
President Obama is scheduled to sign the JOBS (Jump Start Online Business Startups) Act today that includes provisions to relax the rules on raising capital for equity to allow for crowdfunding. See, sometimes the Government can work together to get things done.
But, like with everything else, the devil is in the details — details that … Continue Reading