The Michigan crowdfunding law makes crowdfunding simple by exempting this type of capital raise from state securities laws.
Startup businesses are crucial to a healthy economy and they help many new jobs in the United States every year. Statistics have shown that all net job creation in the US was from businesses less than five years old.
Capital is essential to providing these startup companies with the operating budgets they need to succeed. Many businesses are having a hard time finding traditional capital from funding sources such as banks and venture capital firms.
Because of the need Michigan businesses have for raising capital and the resultant jobs it would create, the new < a href="/michigan-crowdfunding-update/">Michigan crowdfunding law gives them the opportunity to achieve both these goals.
Review the current Michigan Crowdfunding Exemption:
So how does CrowdForce help you with your Michigan crowdfunding needs? Since 2012, we have offered the most secure and flexible white label crowdfunding software on the market! If you are planning to operate a portal for Colorado equity crowdfunding under the state exemption, follow the “Learn More” link to find out about all product details, and get in touch with a sales agent to get more information on how our software works for Colorado equity crowdfunding. We have launched portals for partners in Indiana, Texas and Alabama in 2014 and are the top choice for cost effectiveness, and the quickest launch times.
Here are just a few features for Michigan crowdfunding included in the CrowdForce platform software:
• State residency self-verification
• Driver’s license upload for verification
• Setting funding limits for non-accredited investors
• Allowing accredited investor participation
• Complete and simple document signing and management
• Integrated ACH payments
• Plug in your state escrow account
• Plugin in your broker services for accredited investments
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