Crowd Sourced Funding Implementation

The vast majority of companies who are interested in raising capital require assistance from Accountants who can perform the ‘Chief Financial Officer’ role, to prepare the company’s documentation and mentoring the directors and leadership team members so that the company is ‘Investment Ready’.

So, what is involved?

• The Directors appoint a CSF Intermediary who will work with the Directors and Leadership Team, to assist them in the capital raising process and, as the ‘Gatekeeper’, decide whether to approve the company to be able to utilise Crowd Sourced Funding Equity Raising.

• The company has the ability to raise a maximum of $5M from the public in a 12-month period.

• A company/business that the Directors have a vision of its future and they are keen to ‘scale up’, or a company with a new product, process or service that does not qualify as an Early-Stage Innovation Company that needs funds to commercialise its technology.

• The Directors and Leadership Team need to be mentored on the Legislation which applies to Crowd Sourced Funding Equity Raising, particularly related to the CSF Intermediaries duties and responsibilities, and the requirements for the company to produce a Crowd Sourced Funding Offer Document.

• The Directors and Leadership Team should meet with their ‘Chief Financial Officer’ for the preparation of business plan, predictive accounting reports – budgets, cash flow forecast, projected balance sheets, corporate chart, KPIs/metrics for the business.

• Preparation of the ‘Crowd Sourced Funding Offer Document’ containing:
  1. Risk Warning
  2. Information about the Offering Company
  3. Information about the Offer
  4. Investor Rights

ESS BIZTOOLS has developed the ‘Crowd Sourced Funding Product Package’ to assist Accountants to offer ‘Advisory Services’ to Companies. More information is available at our website, www.essbiztools.com.au, or contact us on 1800 232 088 or email .