NC Growing Together offers crowdfunding webinar for food and farm businesses, Aug. 10

PRESS RELEASE from NC Growing Together:

August 10, 2017 | 10-11 a.m. | Virtual | Online Registration

What you’ll learn: Because of legislation passed by the N.C. General Assembly in July 2016, startups in North Carolina can now raise up to $2 million from average investors using their own web site or a registered funding portal. A further simplified option, called the Local Public Offering (LPO), permits raising up to $250,000 without use of a web site. Think of this as a friends-and-family round except now any North Carolina resident can back an offering. These options include various safeguards for investors while expanding fundraising avenues for startups.

A representative of the N.C. Department of the Secretary of State’s Office will cover recent developments in investment crowdfunding including:

  • Overview of how securities laws apply to crowdfunding
  • Data on what has worked and what has not in crowdfunding
  • Why breweries, distilleries and customer-driven companies are leading the pack
  • How more than 300 startups have filed for federal crowdfunding
  • Why N.C.’s LPO option is unique among states

Those advising startups will benefit from attending this webinar because access to capital remains a top challenge for small businesses in North Carolina. Crowdfunding is being seen as a tool for small companies to obtain funding from their communities or customers. Becoming conversant with this new option will help advisors recognize ventures that may be good fits for crowdfunding and encourage those startups to seek out legal counsel to conduct such offerings.

Who you’ll meet: Leo John is Investor and Business Outreach Legal Specialist at the N.C. Department of the Secretary of State, Securities Division.  The state agency registers legal entities, administers and enforces state securities laws, administers the state trademarks database and performs various other functions that intersect with business and commerce. An attorney and a former business journalist, Leo closely tracks the state’s business climate and in particular entrepreneurial activity to ensure businesses are forewarned and forearmed about the legal landscape in which they operate.

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About Gina Smith
Gina Smith is the Mountain Xpress Food section editor and writer. She can be reached at gsmith@mountainx.com.

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