JOBS Act opens up online funding to startups

Entrepreneurs can raise as much as $1 million per year

Starting today, entrepreneurs have a whole new world open for raising investment funds for their new businesses.

A part of the Jumpstart Our Business Start-ups (JOBS) Act takes affect today, allowing owners of startup companies to ask for equity investments in the public forum, such as through social media sites such as LinkedIn and Twitter as well as other places on the Internet. According to the legislation, these “emerging growth” businesses may raise as much as $1 million per year online.


Cathleen Flahardy

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