CROWDFUNDING YOUR BUSINESS

CROWDFUNDING YOUR BUSINESS

Ryan Miest Todd Taylor

Fredrikson & Byron, P.A.

What Crowd Funding Isn’t

© 2015 Fredrikson & Byron, P.A.

What Crowdfunding Is

© 2015 Fredrikson & Byron, P.A.

Agenda

• Crowdfunding – SEC – MN

• Alternatives – Rule 506(c) – SCOR – Regulation A – Intrastate

• Q&A

© 2015 Fredrikson & Byron, P.A.

Universal Truths

• “Crowdfunding” Means • Ability to go beyond your direct

network to raise money • Social media generally okay • Not just for the rich “angel” investor

© 2015 Fredrikson & Byron, P.A.

Crowdfunding Doesn’t Mean

• Easy money from anyone, anywhere, anytime

• Free of state and federal rules • Low cost • Easy to do

© 2015 Fredrikson & Byron, P.A.

Crowdfunding Essentials

• $1,000,000 limit • Conducted online • Trough a portal • Disclosures to investors required • SEC and state filings required • Investor limits • Finders not allowed

© 2015 Fredrikson & Byron, P.A.

$1,000,000 Offering

© 2015 Fredrikson & Byron, P.A.

Questions?

Please feel free to contact Ryan Miest (612.492.7393 or rmiest@fredlaw.com) or anyone in the SURGE group if you have any questions.

www.fredlaw.com

© 2015 Fredrikson & Byron, P.A.