The New York TimesDecember 26, 2012 By ROBB MANDELBAUM When the Jobs Act became law in April, supporters proclaimed a new era for small businesses seeking to raise money. The “game changer,” as President Obama put it in the Rose Garden as he signed the bill, was a provision to…
Update on crowdfunding legislation
Last Friday I told you that the U.S. House overwhelmingly passed a bill that would allow small businesses to solicit investment capital of up to $1 million with a $10,000 maximum per individual contribution without having to do all the expensive and time consuming paperwork registering with the Securities and…