Texas Crowdfunding Software

 
Texas crowdfunding
 
Texas is one of the early adopters to join an expanding list of states that have passed exemptions for investment crowdfunding within their borders. As was widely expected, the Texas State Securities Board approved rules today that now allow the residents of Texas to invest in businesses seeking capital to grow their business.

Texas is the largest state to allow equity crowdfunding. California was blocked in their push to boost the state economy as their intrastate crowdfunding law became bogged down in the state Senate. Florida – another large state – similarly found its crowdfunding exemption stymied by state political factions. New York, another state that may benefit from a crowdfunding exemption has not yet pushed a bill forward. Texas will join 12 other states that have passed legislation deemed a victory for entrepreneurs and small businesses.

Any adult may invest up to $5000.00 in a Texas crowdfunding business regardless of income.

State legislators moved forward on Texas crowdfunding in contrast to the federal regulations, Title III and Title IV of the JOBS Act, which remain in statutory limbo. The SEC, while expected to release final rules on both exemptions this year, has delayed release as opposing sides debate the exact make up of final regulations.

Some crowdfunding industry followers believe state exemptions will be a short lived phenomena once federal regulations are in place. But, with the immense number of hours and finances already invested, states may indeed ignore the federal regulations if and when they are passed. Others within the industry see the possibility to improve upon federal regulations making them more impactful for entrepreneurs and accordingly state economies.

 

Review the current Texas Crowdfunding Exemption:

 

Here are just a few features for Texas 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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