crowdfunding in georgia
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- 1. Darshun Kendrick, Esq./M.B.A.Kendrick Law Practice (www.kendricklaw.net)[email protected] (office)
2. **Definition No.1: Crowdfunding is a way forbusinesses to raise money for business purposes byusing a crowd or group of people to raise thesufficient capital.*Definition No. 2: As it relates to this shortpresentation, it is a way for businesses to askfriends, family and complete strangers for moneyfor their business in exchange for a percentage ofownership in their business (equity). 3. * Passed/Signed in April of 2011* Allows for loosening of SECregulations RE: sell of equityin a company to a non-accredited investor* Purpose: Allow for smallerbusinesses to bypass heavyregulation, time and cost ofSEC paperwork to be able tosell securities to non-accredited individuals* There have been criticisms ofthe federal JOBS Act (tooexpensive and still tooregulated and taking toolong)* In 2012, the GA SecuritiesCommissioner came up with aset of regulations to allowINTRASTATE crowdfundingthat is LESS restrictive thanfederal JOBS Act* 4. *Crowdfunding allowed in GAnow!*There is a portal alreadyopen ready to fund YOURproject/dream.*There are investors waitingto fund YOUR business.* Education is still a KEYcomponent of making sureyour crowdfunding campaignis LEGAL and SUCCESSFUL.* Not a lot of business ownersknow this is legal, let alonethe legal steps to get started.* There are not many legalservice providers helpingbusinesses navigate thisprocess.* 5. * We are offering the following servicesto help YOU get started on yourcrowdfunding dream:* $200.00 (1 hr. in person consultationwhich includes Guide)* $75.00 (1 hr. Skye Consultation)* $50.00 (Download Guide onCrowdfunding)* Call for pricing (A Team ofprofessionals from attorney,accountant, banker, marketing, andbusiness consultant to guide youthrough the process from start tofinish)* FREE! Conference Call to DiscussCrowdfunding With Me- June 25th 6-7 PM- Visit www.kendricklaw.net tolearn more.*[email protected]