Abstract
The JOBS Act (Jumpstart Our Business Startups Act) is a revolutionary development in the world of startup and small business financing. Among other things, for the first time, startups and small businesses can use the power of the Internet to raise equity capital from investors across the country and around the globe. The act allows small companies, including startups, to raise, via crowdfunding (described later), up to $1 million per year, subject to five-year time limit, along with a $700 million market-value limit. For such companies, the act has also created exemptions to accounting and auditing rules, as well as to rules that require public companies to report details concerning executive compensation and other financial data.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Rights and permissions
Copyright information
© 2012 William Michael Cunningham
About this chapter
Cite this chapter
Cunningham, W.M. (2012). The JOBS Act. In: The Jobs Act. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4302-4756-2_1
Download citation
DOI: https://doi.org/10.1007/978-1-4302-4756-2_1
Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4302-4755-5
Online ISBN: 978-1-4302-4756-2
eBook Packages: Business and EconomicsBusiness and Management (R0)Apress Access Books