Within a relatively short amount of time, crowdfunding has revolutionized the way small businesses find the capital they need to grow. By putting the tools for fundraising success in the hands of entrepreneurs, crowdfunding will continue to transform the landscape of business finance.
In April of 2012, Congress passed legislation permitting equity and debt crowdfunding. This was done through the Jumpstart Our Business Startups (JOBS) Act as a means of stimulating the American economy. The Securities and Exchange Commission (SEC) must issue its rules and regulations before non-accredited investors can take advantage of this opportunity, although Georgia and…
When a company is formed, the founders typically retain a law firm to advise them in connection with setting up the company. Most law firms that advise founders will require that they sign an engagement letter acknowledging that the company and not they are the client. This means simply that the founders do not have…
When a group of entrepreneurs go into business together, one of the first things they should do is consider drafting a Founders’ Agreement. While a Founders’ Agreement is not always legally binding, it does provide some protection to founders who later find themselves at odds with one another. The agreement is documentation that you were once…