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Doug Gorman of Hancock Estabrook, will discuss the Crowdfund Act

Small businesses and entrepreneurs have been given a very big opportunity. On April 5, 2012, President Obama signed into law the JOBS (Jumpstart Our Business Startups) Act. Among its aims: to permit small businesses to use the internet to solicit investments and raise capital.

Title III of the JOBS Act is entitled the “Capital Raising Online While Deterring Fraud and Unethical Non‐Disclosure Act of 2012” or CROWDFUND Act. The Act gives small businesses and startups access to a vast amount of capital resources available online by exempting certain limited offerings of their equity from the registration requirements of the federal securities laws. Approximately 98% of businesses which until now had no real access to large‐scale capital raises are now permitted to publicly solicit certain equity investments without being subject to SEC registration and reporting requirements.

Quite literally, the CROWDFUND Act will allow funding by the crowd ― money from the masses. It will stand in contrast to the traditional small business model of relatively few, well‐capitalized owners contributing large sums, a model that prohibited a start‐up company or entrepreneur from infusing a business with adequate capital unless he or she was independently wealthy or had connections who were. The prior registration exemptions will still exist and will continue to be utilized on a large scale. The CROWDFUND Act, however, will go a long way toward leveling the playing field for small businesses and will clear the way for growth, jobs and increased market competition.

Please join Doug Gorman of Hancock & Estabrook, who will discuss this and his recent article and working knowledge surrounding CrowdFunding speaker. Materials to be given out to all that attend.

Join or login to comment.

  • Bob A.

    Doug was an excellant speaker, had a great grasp of the subject matter and really hit on the basics of crowdfunding. Speakers/events like this are ideal for me, as I try to learn and understand new concepts, innovative ideas, and strategies to help my business.

    July 3, 2012

  • Erik S.

    well thought out presentation with plenty of room for questions.

    July 2, 2012

  • Eric R.

    Doug would be an excellent speaker for a SCORE meeting.

    June 27, 2012

  • Kayla L.

    Very infomable!

    June 27, 2012

  • Fred N.


    June 27, 2012

  • Lorne

    Doug gave a great overview of the act as well as some good background on existing equity funding options pro and con. Good presentation, very glad I went. Thanks Doug!

    June 27, 2012

  • Lloyd W.

    Very well presented and thorough. Took the time allotted. Good response to questions. Worth my effort to drive an hour for the meeting.

    June 27, 2012

  • Matt Van R.

    Great presentation. Very informative, well paced.

    June 27, 2012

  • A former member
    A former member

    Doug was an excellent presenter and gave clear and concise background information

    June 27, 2012

  • Paul B.

    Great Meeting, Great Presentation Doug. Thanks so much for coming out and sharing your expertise with all of us. Thanks for setting this up for us Seth.

    June 26, 2012

  • A former member
    A former member

    Unfortunately, have an important dental appointment. Wish I could be there. This is an important topic!

    June 20, 2012

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