SEC.gov | SEC Adopts Rules to Permit Crowdfunding


Sourced through Scoop.it from: www.sec.gov

"Mom & Pops" can now raise up to $1million in a year  by offering  EQUITY in their company. HALLELUIA!  Forget mom and pops .. I  can now raise up to $1million in a year  by offering  EQUITY in a company.

Title III Quick Summary

Equity crowdfunding expands to include non-accredited investor participationThe new rules will go into place after a 90 day commenting period and publishingStartups and small businesses can raise up to $1M in a period of a yearInvestors making <$100,000 per year can invest the greater of $2,000 or 5% of annual incomeInvestors making >$100,000 per year can invest up to 10% of their annual incomeOfferings must be made via Broker-Dealer or Portal Intermediary

 

Significant disclosures are required for companies to help provide transparency via forbes http://www.forbes.com/sites/chancebarnett/2015/10/30/sec-approves-title-iii-of-jobs-act-equity-crowdfunding-with-non-accredited/2/

We recently started our community education series  for local businesses www.nYukCo.com/findingfunding  
to discuss join us this 
Join Us Live Wednesdays @Stratosphere Studios Starting November 2015  preparing for investment .. is always on the agenda 
 
Join us live Live From November 4th 2015 at  PM
NYukCo.com/Calendar
TheStatosphere.com/bklyntv
227 Utica Ave Brooklyn NY 

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