Minnesota small businesses will soon have a new way to seek investment funding thanks to the state’s MNvest law.
The law was passed last year by the Minnesota legislature and signed into law by Gov. Mark Dayton. The new rules for equity crowdfunding through the Internet go into effect June 20.
Under the law, Minnesotans can buy securities offered by a Minnesota business with the potential to share in the company profits or get a financial return on their investment. The MNvest law applies only to Minnesota-based businesses soliciting funds from Minnesota residents.
