BizTech Law Blog
Since the passing of the Crowdfunding Act in December 2013, many questions concerning the applicability of the law have surfaced. This past month, the Michigan Municipal League launched CrowdfundingMI.com, a website pertaining to crowdfunding in Michigan. It is an excellent resource intended to answer basic questions and importantly, aimed to help local businesses connect with investors. The website provides general information, along with frequently asked questions, and tutorials regarding the benefits of crowdfunding
CrowdfundingMI.com also provides various links to internet crowdfunding platforms. Crowdfunding platforms serve as the network masterminds, creating the necessary organizational systems and conditions for parties interested in capitalizing on crowdfunding. At such platforms, businesses have the ability to upload information about their projects so investors can more easily search the type of business in which they are interested in investing in.
Please contact me if you have specific questions regarding Michigan’s new crowdfunding exemption or raising capital in the State of Michigan.
Shareholder and Firm TreasurerNicholas focuses his practice in the areas of Michigan non-property tax disputes, business entity selection, corporate transactions, and information technology.
