Small Business: Still waiting for SEC crowdfunding rules
March 01, 2015
Currently, public solicitation or advertising of a private equity offering is permitted only if all purchasers are accredited investors (i.e., large institutions or high-income, high-net-worth individuals), notes Alon Kapen, partner in charge of the Emerging Companies and Venture Capital Group at Farrell Fritz PC in Uniondale.
“It precludes all your friends and family that know, love and trust you from investing in your business,” Neiss says.
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