Legislative Changes May Help Businesses Raise Cash

 

According to the Inc.com blog, there are currently four pieces of federal legislation up for consideration that may help businesses. Here’s a quick look at the bills discussed:

  • One will allow investors to put as much as $10,000 into a business via crowdsourcing sites.
  • Another allows small businesses to utilize advertising to market securities to investors, which is currently banned by SEC rules.
  • A third bill will raise the limit on the number of shareholders that a company is allowed to have from the current limit of 500 to 1,000.
  • The final bill would raise the current limit on crowdsourcing investments for a business from $1 million to $2 million.
Bernard Roesch About Bernard Roesch

Bernard Roesch is co-founder and Managing Partner of Mission Consulting. Bernard’s background in the early years of his career was spent in the manufacturing sector, making his QuickBooks perspective a unique one – he understands the intricacies of a complex environment and then applies his strategic skills accordingly.