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Crowdfunding Could Be a Game-Changer for Entrepreneurs

document Crowdfunding
Summary “Crowdfunding” – sometimes written as “crowd funding” – is the term that describes the pooling of money and other resources by a group of people to accomplish a goal or support an effort. In a very general sense, lots of things could fit into this category, including buying stock in a company. But, there are some important legal distinctions that have to be made that differentiate crowdfunding from offering shares in a company.
According to Rockethub’s rules, in order to be legal, offering the following as remuneration is not allowed:

* Equity (aka ownership)
* Revenue share
* Investment opportunities
* Entrance into lotteries, raffles, or sweepstakes.

If the Senate sees fit to pass the bill in either form, it could be a game-changer for artists, entrepreneurs, app developers and others who don’t need a whole lot, just enough to get their project off the ground, and are willing to share the spoils with those who help them get there.

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