Fireman’s Brew spokesperson David Johnson featured in Inc.
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Why Scaling a Company Just Got Easier
The Securities and Exchange Commission issued new JOBS Act rules. Here’s how they might affect you.
By Jeremy Quittner – Senior writer, Inc.
Update: The new rules for Regulation A go into effect Friday, June 19.
Sometimes good things are worth the wait.
When the Jumpstart Our Business Startups (JOBS) Act–a sweeping law aimed at encouraging the growth of small businesses by easing certain financing regulations–passed into law, headlines were aflutter over a provision that would allow less-wealthy people to invest in private companies in exchange for equity. This provision catalyzed an entire would-be industry known as crowdfunding equity investing. That was three years ago.
While a final ruling on the provision is still in a holding pattern, this week the Securities and Exchange Commission issued a new set of updates that all but upstage that long sought after crowdfunding ruling.