Crowdfunding Now!

As one author noted, "Here are some of the main points of the Illinois Intrastate Crowdfunding Bill (HB 3429). Adds new definition of 'accredited investor' which is now tied to the federal definition (see new 815 ILCS 5/2.34). Amends the transaction exemption provided by 815 ILCS 5/4(H) to allow for offers, sales and/or issuances of securities to any 'accredited investor' and for the general promotion of the same (to the extent specified in the Bill). Provides new definition of  'qualified escrowee,' which includes title insurance companies and banks authorized to do business in Illinois who maintain at least one (1) physical location in the state (see new 815 ILCS 5/2.35). Provides new Intrastate Crowdfunding Exemption (see 815 ILCS 5/4(T)). Highlights include: $1,000,000 funding cap unless the Issuer has made available to prospective purchasers audited financial statements, in which case the funding cap will be $4,000,000. – See subsection (2)

We have posted the DRAFT SEC Title IV Crowdfunding forms.... Form 1-A:  https://drive.google.com/file/d/0Bx3S91AlzNJ4dmpMSGxlNGF1OFk/view?usp=sharing Annual (Form 1-K):  https://drive.google.com/file/d/0Bx3S91AlzNJ4ekVHYUZjZHRfZEk/view?usp=sharing Semiannual Report (Form 1-SA): https://drive.google.com/file/d/0Bx3S91AlzNJ4Tl9oM0VUemxoODQ/view?usp=sharing Current event (Form 1-U): https://drive.google.com/file/d/0Bx3S91AlzNJ4Tk53eWNVLUd0dmM/view?usp=sharing Exit (Form 1-Z) Report:  https://drive.google.com/file/d/0Bx3S91AlzNJ4OE5KX20tUUJoLTA/view?usp=sharing Keep in mind, these are DRAFT forms, but if you want to know what the paperwork will look like...well, here it is. This is part of my class on How to Crowdfund:  https://www.udemy.com/how-to-crowdfund/