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Tip May 2012 - "Tip: What Does the JOBS Act Mean For Your Small Business?"

Tip May 2012 - "Tip: What Does the JOBS Act Mean For Your Small Business?"

Tip May 2012 - "Tip: What Does the JOBS Act Mean For Your Small Business?"

Excerpt


Tip: What Does the JOBS Act Mean For Your Small Business?



The JOBS Act – short for Jumpstart Our Business Start-Ups – became law in early April. The bipartisan effort combines six smaller bills that changed the Securities and Exchange Commission (SEC) rules so that small business can attract investors and go public with lower costs and much less red tape. It allows start-ups to use the Internet and other social media to solicit small-scale individual investors and relaxes earlier rules on advertising. In many ways, it might be described as a logical extension and a redefinition of crowdfunding, which has been around for awhile and offers a much less restrictive climate for entrepreneurs. Although President Obama signed the bill into law in early April, the SEC has several months to pass regulations before the JOBS Act can be fully implemented.


 


 


 



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