May 15, 2012 12:00 AM
" Recently I got the opportunity to speak with Candace Klein, one of the contributors to the legislation in the JOBS Act, which created the opportunity for equity-based crowdfunding. Klein is an attorney at Ulmer & Berne LLP and the founder of SoMoLend, a web-based company that connects entrepreneurs with investors.
If you're the owner of a small- to medium-sized business of any kind, then you should be aware what a huge opportunity for capital is about to be available. [There's also a greater opportunity to be exposed to fraud, so please also read an interview Inc. Well also did recently on that subject.—ed.] Candace shared some critical information about what any entrepreneur needs to know about crowdfunding.
How does someone obtain crowdfunding?
Candace Klein: Crowdfunding must take place through an intermediary, either a "funding portal" or a "broker." The business must provide [their] name, legal status, physical/web address, names of directors, officers and 20 percent owners, business description and a description of purpose of offering and intended use of proceeds. You also have to submit financial information of the company and the owners "
Click here to read the whole article
Tuesday, May 15, 2012 by Milwaukee Journal Sentinel
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Tuesday, May 15, 2012 by Boston Herald
By Shawn Boburg / The Record (Hackensack NJ) (MCT) HACKENSACK, NJ — During 20 years as a private security guard at Newark Liberty International Airport, a man known as Jerry Thomas passed multiple inquiries into his background — by his employer, ...Read more
Tuesday, May 15, 2012 by The Australian
THE construction arm of Sydney-based building company St Hilliers has been placed in voluntary administration after it was unable to secure an extra $150 million in funding for the $350 million Ararat Prison expansion project it was undertaking in ...Read more