September 2012
Intermediate to advanced
204 pages
4h 50m
English
Content preview from The JOBS Act: Crowdfunding for Small Businesses and Startups
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The JOBS ActSummary and Definitions
The JOBS Act (Jumpstart Our Business Startups Act) is a revolutionary development in the world of startup and small business financing. Among other things, for the first time, startups and small businesses can use the power of the Internet to raise equity capital from investors across the country and around the globe. The act allows small companies, including startups, to raise, via crowdfunding (described later), up to $1 million per year, subject to five-year time limit, along with a $700 million market-value limit. For such companies, the act has also created exemptions to accounting and auditing rules, ...
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