Crowdfunding May Be Game Changer For Restaurant Industry
Law360, New York ( May 6, 2016, 10:26 AM EDT) -- Have you always dreamed of investing in a restaurant, but never had the capital necessary to make that vision a reality? Or, perhaps you are an aspiring restaurateur looking to engage local food lovers more deeply in the launch of your business. If so, you're in luck. On May 16, 2016, restaurant ownership will be open to the masses via equity crowdfunding under Title III of the Jumpstart Our Business Startups Act. In October 2015, the U.S. Securities and Exchange Commission adopted final rules for Title III permitting companies to offer and sell securities to unaccredited investors through web-based crowdfunding portals. For the last couple of years, businesses have been limited to crowdfunding via wealthy, accredited investors. These new rules carry the potential to be a game changer for small businesses, particularly within the restaurant industry....
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