Posted: 04 December 2020
Crowd Sourced Funding Game Changes
Business Advisory Services Updates
Crowd 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 Mark Holton, Director, Smithink, funding strategies available for companies.
To register for this free webinar - https://essbiztools-au.zoom.us/webinar/register/WN_gmdu2C_rTgu8ze8_kNEkuA , or go to the ESS BIZTOOLS’ Home Page - https://www.essbiztools.com.au - & scroll down to ‘Upcoming Webinars’.
