vol. 16 edition 03
Crowdfunding Title III of the Jobs Act went into effect as of January 29th of 2016.
What does this mean to you? Now you can raise capital up to $1 Million and allows unaccredited investors to participate in crowdfunding. It is the opinion of many who watch this closely, that this is real crowdfunding because it opens investments to a significant population of investors through an unaccredited investors definition, which caps investors income or net worth at $ 100,000. Title III also articulates what regulatory compliance will exist for crowdfunding platforms and the companies that conduct a capital raise through a platform.
Remember, funding portals will be required to register with FINRA and the SEC and will be subject to ongoing reporting
Let’s start some businesses…
Commercial and Residential