Tagged: intrastate

October 28, 2013 @ 9:16 am By Charles Luzar  |  

Adrian, Michigan is a town of approximately 22,000 people and lies on the Michigan border between Ann Arbor and Toledo, Ohio, in the heart of the rust belt. It’s a far cry from San Francisco, New York or Austin. Amy Cortese (pictured, right) visited the town… Read More

October 9, 2013 @ 8:37 pm By Charles Luzar  |  

It has been a busy week in the world of intrastate crowdfunding legislation. Yesterday we reported on Michigan introducing a crowdfunding bill. Yesterday the Wisconsin Assembly passed a similar bill. The bill will now make its way to the Senate. Thus far Wisconsin Governor Scott… Read More

October 8, 2013 @ 9:12 am By Charles Luzar  |  

On September 18th of this year a bill was introduced by Republicans in the Michigan House of Representatives (embedded, below) that would effectively legalize intrastate equity crowdfunding in the “Great Lakes State.” The bill would amend Section 202 of the Uniform Securities Act of 2002,… Read More

September 10, 2013 @ 8:05 pm By Charles Luzar  |  

Point of Law is a great resource for digestible breakdowns of regulation and bureaucratic legal-speak. Today Jonathan B. Wilson published a great breakdown of Wisconsin’s proposed crowdfunding exemption this morning. One paragraph is of particular importance… In a strange twist, however, the Wisconsin bill would… Read More

August 15, 2013 @ 12:44 pm By Charles Luzar  |  

In light of recent actions taken against Candace Klein and SoMoLend on behalf of the Ohio Division of Securities, Knox Massey has a simple message to Ohio startups: come to Gerogia! Massey is a managing partner of a private family investment partnership, co-chair of the… Read More

August 13, 2013 @ 8:28 am By Charles Luzar  |  

Today Wisconsin GOP lawmakers are expected to introduce a bill that would legalize intrastate crowdfunding in the state. Wisconsin is set to join Kansas, Georgia, Washington and North Carolina in either considering or adopting rules legalizing in-state crowdfunding. The bill will be proposed by Representatives… Read More

June 28, 2013 @ 10:50 am By Charles Luzar  |  

A. Brian Dengler of CfIRA posted a comprehensive breakdown of a paper released by two professors of economics and management at Kaunas University of Technology, Lithuania. Crowdfunding, as an innovative capital formation strategy and investment possibility, has both supporters and skeptics. In order to investigate and… Read More