North Carolina just joined about 30 states that have passed laws allowing local businesses in the state to seek small investments from private parties using crowdfunding.
The legislation, signed last week, takes advantage of federal guidelines that create a pathway for (usually) small-time investors who aren't accredited by the U.S. Securities and Exchange Commission to support small businesses in their own state. Under the new law, local businesses can raise funds through privately created online portals or use a state-run portal that North Carolina would need to develop.
