Crowdfunding if it passes the Seante tomorrow, will be the catalyst for needed innovation and jobs growth in this country. Small business represents 65% of our Country's Gross Domestic Product (GDP) and is the leading employer of onshore US employees. You are probable wondering, what is Crowdfunding? Crowdfunding is a new concept. Basically it would allow start up entrepreneurs to solicit funds from individuals without having to adhere to existing Securities and Exchange (SEC) regulations. Presently, new start ups must register with the SEC and follow a complex set or regulations that include an Initial Public Offering (IPO) of shares and disclosure of their financial status through periodic filings with the SEC.
Crowdfunding is intended to simplify and eliminate some of these requirements. It would make it easier for entrepreneurs to solicit funds directly from individuals. Advocates argue that Crowdfunding would produce 1.5 million jobs in 5 years.
To read the full, original article click on this link: NewsWire - Crowdfunding Will Produce 1.5 Million New Jobs in 5 Years