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How is the The Florida Intrastate Crowdfunding Exemption different from Title III of the JOBS Act?
Last Updated: Jan 04, 2016 23:20

The Florida Intrastate Crowdfunding Exemption allows any Florida investor to invest up to 10% of the annual income or 10% of the net worth of the investor in any company/startup and Florida entrepreneurs to raise up to $1 million per year through Florida crowdfunding portals. All investors and entrepreneurs will be required to provide identity verification to prove they are Florida residents before participating in any equity crowdfunding activities.
 
Title III of the JOBS Act is a federal law that will permit U.S. entrepreneurs to raise up to $1 million per year from the general public, including investors that do not qualify as accredited investors. This means Title III crowdfunding will permit almost everyone to invest. The JOBS Act applies to any startup based in the U.S. and any investors all over the world. The The Florida Intrastate Crowdfunding Exemption only applies to those who live within Florida state lines.
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