Wednesday, July 10, 2013
JOBS Bill (Jumpstart Our Business Startups Act): Be Careful
The 2011 JOBS (Jumpstart Our Business Startups) Act makes it easier for small businesses to raise investment capital - maybe a little too easy. Regulatory filings are reduced, lessening the burden on small businesses but also reducing your access to information.
According to the Washington Post,
" It allows private firms to raise money by advertising to the general public for the first time in decades, raise up to $1 million in capital from investors via the Internet, and temporarily skirt some of the federal disclosure and accounting rules as they go public."
Remember to watch the great TV show American Greed to get hip to all the different frauds out there.