New Business Crowdfunding State Law
July 9, 2015
A new state law kicked into effect last week that allows businesses to use crowdfunding to sell shares of their business without the complicated and expensive oversight typically needed by the Securities and Exchange Commission. The new state law follows a 2012 federal law allowing small amounts of equity crowdfunding but that required states to set up a framework. Rick Murray, CEO of the Arizona Small Business Association, will tell us about the new law.