Tag Archives: crowdfunding

The investor subscription agreement is the third major document used in private placement securities offerings, along with the investor questionnaire and the private placement memorandum or PPM. A number of provisions should be included in the subscription agreement to protect … Continue reading →

A private placement memorandum or PPM is the main information document for potential investors. It’s like a business plan on steroids, adding required and recommended details and legal language for an offering. It goes by many names, including offering circular, … Continue reading →

One thing to consider when planning an offering is what investor qualifications you can live with. In making this decision it’s important to keep in mind that the definition of “accredited investor” is now more limited than it used to … Continue reading →

Investor questionnaires are crucial for private placement offerings.  Each type of offering has its own requirements for investors.  An offering company must have a reasonable belief that the potential investors meet those requirements.  That determination must be made before the … Continue reading →

(For prior articles, including on the new JOBS Act that allows Rule 506 advertising and crowdfunding, see https://thecaliforniasecuritiesattorneys.com/.)   Many offerings to investors require that forms be filed with one or more securities agencies within 15 days of the first … Continue reading →

In the prior two pieces I discussed how the “Jumpstart Our Business Startups Act” (the JOBS Act) requires the Securities & Exchange Commission (SEC0 to adopt new regulations to allow public advertising of Rule 506 offerings and to allow crowdfunding.  … Continue reading →

President Obama signed the AJumpstart Our Business Startups Act== (the JOBS Act) on April 5. Part of this Act authorizes crowdfunding for the first time. (Up until now, crowdfunding could only be done legally by a company effectively pre-selling its … Continue reading →

As you may know, President Obama signed the “Jumpstart Our Business Startups Act” (the JOBS Act) on April 5. This bill will make it substantially easier for companies to raise money although key provisions do not take effect immediately. Two … Continue reading →