What is ‘Crowdfunding’?
Crowdfunding is art of successfully combining small investments from a very large number of people at the same time to finance a new business venture. The FundMyBusinessAZ.com equity crowdfunding platform was designed to showcase entrepreneur’s projects and connect potential investors from around the state of Arizona.
What is House Bill 2591?
In April of 2015, Arizona governor Doug Ducey signed into law the House Bill 2591, known as the “Intrastate Offering Exemption” as a job creation initiative. This is a landmark piece of legislation that can completely change the way that businesses raise money. By making it possible to sell equity (shares of stock), this opens the door for many more investors to get involved and fund private businesses. This new law allows any Arizona resident the opportunity to invest up to $10,000. Residents that qualify as an “accredited investor” are not subject to the $10,000 limit. This should facilitate more businesses coming into the market, because they will finally have access to the capital they need to get started.
Exclusive to Arizona
FundMyBusinessAZ.com offers education and consulting services relating to the equity Crowdfunding Provisions, assistance in preparing and reviewing disclosure documents, and posting the entrepreneurs projects on our website. Features include escrow and accounting services, esignature, payment processing, bad actor checks, anti-money laundering oversight as well as an on-line deal room for confidential document sharing.
Entrepreneurs can raise up to $1 million dollars in a 12-month period without a complete financial audit.
Entrepreneurs can raise up to $2.5 million dollars in a 12-month period with a complete financial audit.
We also offer fund readiness assessments as a service and offer other resources to our entrepreneurs as appropriate.