According to Crowdfund Insider, the Crowdfunding Professional Association, a crowdfunding industry trade association, released a recommended termsheet template which can be used by participants in JOBS Act Title III crowdfunding equity offerings. Read more here http://www.crowdfundinsider.com/2014/09/48727-cfpa-publishes-recommended-term-sheet-equity-crowdfunding-offers/_
Accounting firm CohnReznick reports that middle-market executives are confident about their ability to secure financing and close deals before year-end 2014. Learn more in this article from CFO.com: http://ww2.cfo.com/capital-markets/2014/09/middle-market-exec-bullish-financing/
SEC Lifts Ban On General Solicitation, Allowing Startups To Advertise That They’re Fundraising7/15/2013 The SEC has just voted in favor of implementing section 201(a) of the JOBS Act, which lifts the ban on general solicitation and permits startups, venture capitalists, and hedge funds to openly advertise that they’re raising money in private offerings. But note that the new rules are not yet effective and the process of offering to the public (limited to accredited investors) needs to be considered carefully. Read more at:
http://techcrunch.com/2013/07/10/sec-general-solicitation-ban-lifted/ People ask me about Crowd-funding. So, I found this article in Inc. Magazine with this great flowchart on the different crowd-sourcing alternatives and where they fit into the different project funding stages. Check it out!
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Steve Cherin, Esq.Steve is a lawyer licensed to practice law in the state of Pennsylvania. He provides legal guidance and counsel for a variety of issues that arise in employment, tax, intellectual property, contract formation and disputes. Archives
September 2014
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