What are the regulatory requirements for the entrepreneur to us the system?
This is a very useful report!
Thanks
Judd Hollas
Roy, there are no regulatory requirements for an entrepreneur to use EquityNet. However, when offering a private equity security for sale and before accepting capital from accredited investors, an entrepreneur would need to claim an exemption under Regulation D promulgated under the Securities Act of 1933 and the state securities laws of those states where the securities are being offered. This is done through what is called a “Private Placement Memorandum” that can be constructed by attorneys and many online service providers such as http://www.venturedocs.com and http://www.ppmsource.com.
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