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Understanding Crowdfunding: The New Option for Local Financing in NC
March 21, 2017 @ 3:00 PM- 4:30 PM
Small businesses in North Carolina will soon be permitted to raise up to $2 million from average investors with certain limits. This is the result of legislation passed by the North Carolina General Assembly in July 2016.
Businesses that use the “Invest N.C. exemption” can utilize the Internet to organize such a fundraiser. In addition, businesses currently can garner up to $1 million in a federal crowdfunding offering. However, firms must follow certain rules, including requirements on how much can be raised from each investor, what kind of financial information must be disclosed, and periodic reporting requirements to keep investors informed. The N.C. Securities Division will oversee administration of the crowdfunding exemption.
This presentation is planned as an overview of investment crowdfunding for businesses that may want to utilize this option. It will cover the following: a regulatory overview and how crowdfunding fits within securities laws; the legal do’s and don’ts of a crowdfunding offering; the marketing aspects—what you can say and how to reach investors; and utilizing a web site intermediary—picking one and connecting with investors.