rowd Sourced Funding Equity Raising has certainly introduced new opportunities for SMEs as well as for accountants and business advisors.
- SMEs can access a retail investor audience for a fraction of the typical cost for public companies under a prospectus.
- Proprietary limited companies can now have a potentially unlimited number of investors under the Crowd Sourced Funding regime (previously limited to 50 non-employees shareholders).
- CSF offers can be advertised publicly, whereas other public offers have heavy restrictions on permissible advertising, or can't be advertised at all.
- Shares issued directly to shareholders – nominees/trust structure is not permitted.
- Crowd Sourced Funding Company is not an investment company – can't raise funds to invest in other entities or schemes.
In ESS BIZTOOLS' Business Advisory Services Update Webinar/Conversation - Wednesday 9th December at 11.00am AEDT (10.00am AEST) Peter Towers will discuss with...
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