MONEY FROM THE MASSES
In April 2012, the JOBS Act became law. It directed the Securities Exchange Commission (SEC) to eliminate the ban on soliciting potential investors online, thereby allowing businesses to use the internet to raise capital. Since its effective date in early 2016, the ‘Crowdfund Act’, as Title III of the JOBS Act is generally known, allows companies to raise up to one million dollars a year by issuing stock without going through an initial public offering (IPO).
Crowdfunding has revolutionized the way that money is raised for businesses and projects. To be managed successfully and in compliance with existing regulations, it requires a solid grasp of several disciplines, including but not limited to securities, financial services, taxation, and e-commerce.
The Levoritz Law Group advises and supports crowdfunding startups, individuals and entities that want to invest, angel investors, and other business parties. Legal matters we assist with include:
- Licensing and compliance requirements for equity crowdfunding
- Tax matters, particularly in instances where money crosses borders
- Money services issues, such as payment processor setup and money laundering compliance
- Anti-spam and privacy concerns and requirements
- Terms and conditions for crowdfunding portals
Attorneys Yonatan Levoritz, Steve Krishtul, and Miechia Gulley have an experience-driven understanding of how crowdfunding for businesses works at present and how it might evolve in the future. They fully embrace each case and are diligently committed to representing and advocating for their clients’ best interests. When we work on crowdfunding deals, we refer you to securities firms for the actual underwriting and offering process, ensuring that the undertaking is compliant with all applicable regulations from start to finish.
For more information or to schedule a confidential consultation about a future crowdfunding endeavor, contact us today.
DON’T JUST TAKE OUR WORD FOR IT
Yonatan Levoritz is a tireless fighter: super-smart, no-nonsense, absolutely trustworthy. Unlike some attorneys, he listens and communicates. His fees are surprisingly modest and he takes care never to waste a penny of his client’s money. He out-lawyered my spouse’s fancy Manhattan law firm at every turn and won a settlement far better than I had thought possible. He’s got to be the best bargain in the city. With Yoni in your corner you feel confident and empowered.
Yonatan Levoritz is a super-smart, wholly committed, tireless advocate. He’s a godsend to his clients and a terror to the other side. For me he was a lifesaver: representing me in a bitterly contested divorce, he used brilliant negotiating skills to achieve a just settlement that far exceeded my wildest hopes. He listens, understands, and communicates. He’s scrupulous about never wasting a penny of client money. He’s got to be the best bargain in New York City.
Mr. Levoritz is top-notch; the staff is incredibly helpful. He is extremely thorough, conscientious and knowledgeable. Mr. Levoritz responded quickly and thoughtfully to all my questions. I am satisfied with the outcome of my case.