Are you a naturally sceptical person?
Most of us are a little, I guess, especially when we hear about new ideas involving access to money.
Well, Crowd Sourced Funding Equity Raising isn’t a scam or a ‘get rich quick’ scheme, and it’s not ‘crowdfunding’ that we hear so much about on social media.
'Crowdfunding' is when people are asked to donate money to a worthy cause, like a family left destitute after their house burns down.
It's a social media thing, and... there have been problems.
In the non-business world, people are able to utilise social media to assist in raising money for virtually any type of legitimate reason – there is virtually no government control.
Crowd Sourced Funding Equity Raising is the “business crowd funding model” and it has required significant amendments to be made to the Corporations Act to enable Crowd Sourced Funding Equity Raising to operate. There is strong government supervision of the capital raising process via the Australian Securities & Investments Commission (ASIC) appointed Crowd Sourced Funding Intermediaries (7 companies with Australian Financial Services Licenses – AFSL) and ASIC.
Crowd Sourced Funding Equity Raising is something that could be of real benefit to you, if you operate a small or medium-sized business.
Using this new process, you could raise up to $5M a year from the public, just like 'the big boys' do.
You could clear your bank loans and personal guarantees, or fund your next expansion.
Crowd Sourced Funding Equity Raising has just been legalised here in Australia, but has been funding small and medium-sized businesses, like yours, in the U.S., New Zealand, Canada and the U.K. for nearly ten years.
Directors of small and medium-sized businesses will need to enhance their business skills by having a working knowledge of how Crowd Sourced Funding Equity Raising operates.
The 15 Step Checklist for Crowd Sourced Funding Equity Raising guides you through the identification process to determine whether your business/company could be potentially eligible for the Crowd Sourced Funding Equity Raising Status.
If you are currently operating in a non-company status, your business would have to be rolled into a company, if you wish to utilise Crowd Sourced Funding Equity Raising to raise capital.
So let’s start the Crowd Sourced Funding Equity Raising Journey!
In the first instance, there is no discrimination based on the:
The 15 step checklist is divided into 2 sections:
Section A: Legal Requirements For Crowd Sourced Funding Equity Raising Status:
If you are able to answer yes to each of these questions you can move on to the “subjective tests”.
Section B: Subjective Tests Utilising Key Characteristics That We Believe At Least One Of Will Apply To A Company Able To Describe Itself As Being Eligible For The Status Of Crowd Sourced Funding Equity Raising Company:
Sceptical or not, don't you owe it to yourself to at least find out what it's all about?
(Click here) and spend about 2 minutes to view our latest video.
Then, if you like what you see, you should go and talk to your accountant about the possibilities for your business to determine whether you qualify as a potential Crowd Sourced Funding Equity Raising Company, to assist you with the processes needed to develop a Crowd Sourced Funding Offer Document and to negotiate a listing of your company on a Crowd Sourced Funding Intermediary's website.
If your accountant is unsure about the process, you could suggest that he/she visits the ESS BIZTOOLS' website è Crowd Sourced Funding Product Package or contacts Peter Towers email@example.com or ring 1800 232 088.
If your accountant is unable to assist, you could contact one or more of our subscribers, who have access to our Crowd Sourced Funding Equity Raising Product Package by visiting our website - ESS Small Business and clicking on to "Find an Accountant/Adviser" and then entering your postcode. The system will identify accountants in all near your postcode that you could then contact for a discussion.
Want to know more about the Crowd Sourced Funding Equity Raising process (Click here)? By visiting the ESS Small Business website, you'll be able to obtain some free articles on Crowd Sourced Funding Equity Raising and gain a more in-depth knowledge by subscribing for:
If you are looking for a detailed overview of the Crowd Sourced Funding Equity Raising process you could subscribe for the Corporate Governance Network Workshop - Webinar Number 3 which includes a fairly detailed overview of the Crowd Sourced Funding Equity Raising process prepared for a company director.
If you have any questions, please do not hesitate to send me an email:
firstname.lastname@example.org or Telephone me on 1800 232 088
Have a great day!
COMPLIMENTARY MATERIAL Click on the button below to access the following FREE material:
Episode 28 - 15 Step Checklist for Crowd Sourced Funding Equity Raising
If you wish to receive future editions in the Survival Hints for Small Business series, you can visit our iTunes – Podcasts - Survival Hints for Small Business page and subscribe to our podcasts. If you have any questions or suggestions on future items to be covered in Survival Hints for Small Business, please don’t hesitate to contact us.