With one week to go we are hearing that a number of companies are realizing their financial statements are not going to be reviewed in time by their accountants. But they really want to launch on May 16!
So they are planning to file on Form C for amounts less than $100,000 and "certifying" the financials, with a view to filing an amendment later.
Think about this carefully before you do it. The financial statements (for any level of raise) are required to be prepared in accordance with…
CrowdCheck Blog
With one week to go we are hearing that a number of companies are realizing their financial statements are not going to be reviewed in time by their accountants. But they really want to launch on May 16!
So they are planning to file on Form C for amounts less than $100,000 and "certifying" the financials, with a view to filing an amendment later.
Think about this carefully before you do it. The financial statements (for any level of raise) are required to be prepared in accordance with…
This entry is filed under Crowdfunding, Disclosure, SEC, Section 4(a)(6), Securities Law, Blog
With one week to go we are hearing that a number of companies are realizing their financial statements are not going to be reviewed in time by their accountants. But they really want to launch on May 16!
So they are planning to file on Form C for amounts less than $100,000 and "certifying" the financials, with a view to filing an amendment later.
Think about this carefully before you do it. The financial statements (for any level of raise) are required to be prepared in accordance with…
This entry is filed under Crowdfunding, Disclosure, SEC, Section 4(a)(6), Securities Law, Blog
One of the best practices that has developed in the realm of donation/reward crowdfunding is to provide regular updates to campaign backers over email in addition to publishing them on the crowdfunding platform. These updates are important — they keep backers informed about the status of the campaign, and provide information about company events relevant to the success of the idea. When it comes to Regulation CF, however, this practice can’t be adopted for equity backers (otherwise known as…
This entry is filed under Crowdfunding, Disclosure, SEC, Section 4(a)(6), Securities Law, Blog
One of the best practices that has developed in the realm of donation/reward crowdfunding is to provide regular updates to campaign backers over email in addition to publishing them on the crowdfunding platform. These updates are important — they keep backers informed about the status of the campaign, and provide information about company events relevant to the success of the idea. When it comes to Regulation CF, however, this practice can’t be adopted for equity backers (otherwise known as…
This entry is filed under Crowdfunding, Disclosure, SEC, Section 4(a)(6), Securities Law, Blog
One of the best practices that has developed in the realm of donation/reward crowdfunding is to provide regular updates to campaign backers over email in addition to publishing them on the crowdfunding platform. These updates are important — they keep backers informed about the status of the campaign, and provide information about company events relevant to the success of the idea. When it comes to Regulation CF, however, this practice can’t be adopted for equity backers (otherwise known as…
This entry is filed under Crowdfunding, Disclosure, SEC, Section 4(a)(6), Securities Law, Blog
One of the best practices that has developed in the realm of donation/reward crowdfunding is to provide regular updates to campaign backers over email in addition to publishing them on the crowdfunding platform. These updates are important — they keep backers informed about the status of the campaign, and provide information about company events relevant to the success of the idea. When it comes to Regulation CF, however, this practice can’t be adopted for equity backers (otherwise known as…
This entry is filed under Crowdfunding, Disclosure, SEC, Section 4(a)(6), Securities Law, Blog
One of the best practices that has developed in the realm of donation/reward crowdfunding is to provide regular updates to campaign backers over email in addition to publishing them on the crowdfunding platform. These updates are important — they keep backers informed about the status of the campaign, and provide information about company events relevant to the success of the idea. When it comes to Regulation CF, however, this practice can’t be adopted for equity backers (otherwise known as…
This entry is filed under Crowdfunding, Disclosure, SEC, Section 4(a)(6), Securities Law, Blog
One of the best practices that has developed in the realm of donation/reward crowdfunding is to provide regular updates to campaign backers over email in addition to publishing them on the crowdfunding platform. These updates are important — they keep backers informed about the status of the campaign, and provide information about company events relevant to the success of the idea. When it comes to Regulation CF, however, this practice can’t be adopted for equity backers (otherwise known as…
This entry is filed under Crowdfunding, Disclosure, SEC, Section 4(a)(6), Securities Law, Blog
Four weeks out from Regulation CF's go-live date, and journalists, researchers, bloggers and anyone with access to the internet (including my cat) are asking small companies to comment on their plans to raise money under Regulation CF ("Title III").
Please quit. Y'all are getting CrowdCheck's clients into trouble.
For the third time in the last couple of days, I've seen an article or blog post in which a company that we are working with is asked to comment about their plans to raise money under…
This entry is filed under Crowdfunding, Failure, Section 4(a)(6), Securities Law, Blog