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  • Sara Hanks
    Sara Hanks answered June 20

    Form C-TR question on timing of filing.

    Answering a question with a question: how would engaging a transfer agent reduce the number of holders of record?

    • Regulations & Compliance
    • Equity
    • Law & Legal
    • Reg CF
  • Elizabeth Carter
    Elizabeth Carter answered June 8

    Do you think DAOs could replace the funding portals and investment crowdfunding?

    Yes to funding portals (and probably should) and no to replacing investment crowdfunding. Rather, DAOs will most likely use investment crowdfunding to fund its projects.

    • Equity
    • Funding Portals
    • Blockchain
  • Devin Thorpe
    Devin Thorpe answered May 26

    How would you define impact crowdfunding?

    Great question!

    Impact crowdfunding is what is happening at the intersection of investment crowdfunding and impact investing.

    As you know, investment crowdfunding was authorized by the bipartisan 2012 JOBS Act. It was initially implemented in 2016 with a $1 million cap, which was increased to $5 mil... more

    • Impact Investing
    • Corporate Social Responsibility
    • Reg A+
    • Reg CF
  • Devin Thorpe
    Devin Thorpe answered May 22

    How much does it cost for a company to run a Reg CF or Reg A+ campaign?

    This is a great question!

    You should expect to spend about 10 percent of the money you raise on the costs of the offering, excluding marketing. I'd caution against spending money on marketing but remember it will take a lot of work.

    Some legal and accounting costs will have to be paid before you can... more

    • Funding Portals
    • Pre-Sales
    • Reg A+
  • Devin Thorpe
    Devin Thorpe answered May 20

    Could blockchain be useful for the real estate industry?

    Yes! Absolutely!

    Many people believe, I say correctly, that one day soon, we'll use blockchain to record title to all manner of physical or tangible objects, from boats and cars to real estate. The immutable, public nature of blockchain would be perfect for this purpose.

    The trick will be for the bl... more

    • Blockchain
    0   
  • Devin Thorpe
    Devin Thorpe answered May 20

    What inspired your interest in crowdfunding?

    I love crowdfunding because it helps people who traditionally have had trouble accessing capital. Women and BIPOC founders now have a new path to funding. Small businesses that are integral parts of a community, like restaurants, can now raise money from their customers. Our country is richer becaus... more

    • Unclassified
    1   
  • Devin Thorpe
    Devin Thorpe answered May 20

    Good day, As a group of crowdfunding expertsI am hopeful you can steer me in the right direction. We are looking to crowdfund an Arizona permitted approved gold mining opportunity for $1,000,000, which is our immediate concern, and the next tranche would be for about...

    Jordan, this is a great question. Thanks for coming to the CfPA Ecosystem for insights.

    Of course, there is no industry or sector that can be thought of as traditionally raising money via crowdfunding. The industry is too new, implemented just six years ago and really gaining scale only in the past ... more

    • Equity
    • Reg CF
    2   
  • What is the role of the Financial Industry Regulatory Authority (FINRA) as it relates to investment crowdfunding?

    Good question. Title III of the JOBS Act established crowdfunding provisions that allow early-stage businesses to offer and sell securities. The SEC subsequently adopted Regulation Crowdfunding to implement the crowdfunding provisions of the JOBS Act. The role of the Financial Industry Regulatory Au... more

    • Unclassified
  • Sara Hanks
    Sara Hanks answered February 5

    What does it mean to fail the Howey test?

    It's not really a test that you pass or fail. The Howey test is just one of the tests used in securities law to determine whether an instrument being offered is a security or not. There are other tests that can also be used, such as the Reves test. Which should be applied depends, as the SEC says, o... more

    • Law & Legal
    2   
  • Belle Business Services, LLC answered January 12

    Does Belle Business Services provide bookkeeping services and if so, how much does it usually cost for a typical start-up / small business?

    Hi! Thank you for your question. Yes, we do offer bookkeeping services for start ups and small businesses. We  typically charge $50/hour plus any costs incurred (ie: if you’re looking to have QuickBooks Online, we would bill you our cost). For most of our small start-ups, we can typically do th... more

    • Accounting