Taking Care of BusinessName: Taking Care of BusinessDate: October 5, 2016Time: 11:30 AM - 1:00 PM EDTRegistration: Register NowEvent Description:
Understanding Crowdfunding: the New Option for Local Financing in N.C.
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. However, firms must follow certain regulations, 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 seminar is planned as an overview of investment crowdfunding for businesses that may want to utilize this option. The speaker 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
- utilizing a web site intermediary – picking one and connecting with investors.
Lunch is sponsored by PDQ.
Speaker: Leo John
Leo John is Investor and Business Outreach Legal Specialist at the N.C. Department of the Secretary of State, Securities Division. The state agency registers legal entities, administers and enforces state securities laws, administers the state trademarks database and performs various other functions that intersect with business and commerce. An attorney and a former business journalist, Leo closely tracks the state’s business climate and in particular entrepreneurial activity to ensure businesses are forewarned and forearmed about the legal landscape in which they operate.
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