Entrepreneur Finance Write Up
11/15/11
Crowdfunding is essentially genteelness little bits of money from a big collection of people over the Internet. The Internet has made it easier for political candidates and merciful organizations to turn lots of small contributions into large dollars, and in modern years some entrepreneurs have found success raising money this way to grow some very advanced(a) companies. The money collected is by pure donation and the U.S. Securities and shift Commission ( sec) probably does not have to get mixed according to The Small Company Capital Formation Act. This is not a bad thing because we rely on the moment and state regulators to protect investors against fraud and ensure a smoothly functioning marketplace. But current rules, designed for a pre-Internet era, bugger off crowdfunding difficult for entrepreneurs who want to connect with investors, not just donors.
When electric chair Obama presented the the Statesn Jobs Act to Congress, he supported a streamlined set of rules and responsibilities that would allow entrepreneurs to use online crowdfunding platforms to seek investors.
As long as a company is raising less than $1 million, and no investor parts with more than 10 percent of their one-year income (capped at $10,000 per year), these crowdfunding efforts would be exempt from certain expensive SEC registration requirements.
The House bill that passed is broadly consistent with the presidents proposal, which grew out of the White House Startup America initiative to promote high-growth entrepreneurship across the country. I believe that the Obama constitution looks forward to working with Congress to craft final canon that provides appropriate investor protections and empowers more entrepreneurs to raise capital and create jobs.If you want to get a full essay, order it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment