In 2008, Vermont became the first state to introduce a hybrid LLC corporate structure. Designed to be a low-profit liability company, the L3C gives for-profit enterprises with an educational and charitable mission the opportunity to access welcome Foundation contributions. The structure is geared towards traditional media companies and other low-profit social enterprises that seek sustainable funding.
Category: small bidness
Since the passage of the overwhelmingly bipartisan Jumpstart Our Business Startups Act (the “JOBS Act”) on April 5, 2012, the curiosity of a revolutionary small business financing mechanism called, Crowdfunding (also referred to as Title III of the JOBS Act, “Crowdfund Investing” or “CrowdInvesting”), has intensified.
The JOBS ACT, Jumpstart Our Business Start-Ups Act, was signed into law nearly a year ago. The Securities and Exchange Commission had a mandate to issue guidelines and regulations for a new secondary market supporting small business by September 2012. So what happened? Lobbys, lobbys, and more lobbys.
Securities & Exchange Commission’s latest meet-up on Equity-based crowdfunding regulatory guidelines. These guidelines were to be determined in September 2012, 5 months after the JOBS Act was signed into law. What got done by the SEC this past November? Not much…
The topic of equity-based Crowdfund investing stole the spotlight at the SEC Small Business Forum on Nov. 15. Crowdfunding was one of more popular topics during the four-hour event, igniting sufficient debate to cause the forum to run over schedule. Discussions surrounding the JOBS Act and IPOs all found their way back to the event’s hottest topic – Crowdfunding.
The Crowd Funding Law (JOBS Act) signed into law in April 2012 has been stalled by powerful banking interests and SEC caution. The new date for official guidelines has been pushed ahead from September 2012 to in January 2013. It is new territory so it right to be careful with regulations to prevent fraud and recklessness. However, the large banks do not want to lose small business lending altogether andy powerful lobbyists are holding back the reins behind the scenes. Hopefully, there will be some genuine fair and reasonable compromise to unleash the power of the people to create their own investment platforms. We will keep you posted at Good-b.
Six Things President Obama and the Congress Must Do to Move Toward a Sustainable Economy From American Sustainable Business Council: Washington, DC —With the election over, President Obama and the Congress need to turn their attention to finding long-term solutions toward building a sustainable economy. A sustainable economy is innovative—it thrives over time. It makes useful [...]
Sometime early next year, the Securities and Exchange Commission is expected to propose rules that would pave the way for “equity crowdfunding,” harnessing the groupthink of social media as a tool for capital investment. Small public companies (those with revenues of less than $5 million) could be able to raise up to $1 million using this approach to sell stock or promote revenue-based financing.
One of the most pressing issues in the continuing economic downturn is the absence of credit and capital for the nation’s bloodline: Small Business. To resolve the problem, business owners are going local and turning to community resources. But how does community wealth building really work? Jeffrey Hollender, founder of American Sustainable Business Council and former CEO of Seventh Generation shares some practical ideas.