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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Banking and Finance

Date & Time
  • event Date

    Tuesday, December 12, 2023

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$347.00
CLE
ALL

This CLE webinar will explore crowdfunding as a way for businesses to raise capital without taking on new debt. The panel will discuss the various types of crowdfunding, the regulations applicable to each type of crowdfunding, and the benefits and risks related to crowdfunding from the perspective of both crowdfunding investors and issuers.

Faculty

Nathaniel Dodson
Partner
Crowdfunding Lawyers

Mr. Dodson advises clients on matters related to securities, financing, real estate, opportunity zones, and M&A. Prior to his law practice, Mr. Dodson was a former investment broker and advisor providing a level of knowledge and experience in investment sales, structures, and asset protection. Through leveraging his expertise in the industry along with the help from his long list of trusted connections, Mr. Dodson has represented over $2 billion in real estate and business funding transactions.

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Richard Robinette
Founding Partner
Crowdfunding Lawyers

Mr. Robinette brings his experience as both an attorney and real estate entrepreneur to the practice as a partner at Dodson Robinette PLLC. He advises clients on securities offerings, business entities, and real estate transactions with a mix of private equity, agency, and non-agency financing. He graduated cum laude from Northwestern University Pritzker School of Law. He served as an extern for Hon. George H. Wu, United States District Court, Central District of California in 2009 and 2010 and is currently a member of the Texas State Bar.

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Description

Crowdfunding is the process of receiving investment capital from a variety of sources using online tools and collecting smaller sums of money from a larger number of private investors. This approach differs from trying to attract sizable investments from venture capital firms or angel investors--a business capital strategy that's out of reach for many startups and established small businesses alike.

Title III of the Jumpstart Our Business Startups Act in 2012 (JOBS Act) introduced a new registration exemption under Section 4 of the Securities Act for crowdfunding, allowing issuers to sell unregistered securities to the general public under certain circumstances. Subsequently, Regulation Crowdfunding (Regulation CF) was promulgated by the SEC to allow issuers to use the internet and social media for securities offerings to raise capital from a large number of people in relatively small individual amounts. This approach is different than traditional private placements that do not permit any general solicitation and forces issuers to offer only to accredited investors (as defined by SEC regulation).

There are multiple factors and rules to consider before choosing to engage in a crowdfunding campaign. One size does not fit all. Regulation CF prescribes several rules governing the offer and sale of securities under Section 4(a)(6) of the Securities Act, which must be followed to avoid harsh penalties. These rules generally pertain to limitations on the amount of investment and capital raised, issuer eligibility, issuer disclosure requirements, restrictions on resales, crowdfunding platforms, and limitations on advertising the terms of the offering.

Listen as our authoritative panel of experts explores the world of crowdfunding and provides best practices and minimum safeguards essential for investors and issuers. The panel will also address the pros and cons of crowdfunding and how it compares to other more traditional forms of capital raising.

Outline

  1. Overview of crowdfunding
  2. Types of crowdfunding offerings
  3. Legal requirements and regulatory landscape
  4. Pros and cons of crowdfunding
  5. Determining how to structure a crowdfunding offering that meets your client's needs
  6. Potential legal challenges and pitfalls of crowdfunding
  7. Key takeaways and practical considerations

Benefits

The panel will review these and other key issues:

  • What are the various types of crowdfunding and how do they compare to more traditional forms of capital raising?
  • What are the pros and cons of crowdfunding?
  • What is the regulatory landscape of crowdfunding and what factors should be considered when structuring a crowdfunding offering to fit a client's needs?
  • What are the legal challenges and pitfalls that can arise with crowdfunding?