How familiar are you with the JOBS Act? LuxeLounge recently shared some information you need to know.
1. Under Regulation A, which exempts securities that qualify from registration, but they may still be sold publicly and traded, entrepreneurs will now be able raise $50 million every 12 months.
2. The “IPO Onramp†provisions of the Act simplify the transition for private business to go public by relaxing reporting and compliance requirements for five years for companies under $1 billion in revenues that go public.
3. Entrepreneurs can now raise $1 million by crowd funding — the process of raising small amounts of capital from a large number of investors — within a 12-month period.
Photo by Juhan Sonin