• Home
  • About Us
  • Search Jobs
  • Submit Resume
  • Articles
  • Testimonials
  • Clients
  • Contact Us
Have you taken our Salary Survey?
  • My Account
  • Saved Jobs
  • My Searches
  • My Badges
  • Logout
Partner Jobs
  • About Us
  • Jobs
  • Articles
  • Testimonials
  • Contact Us
Your Career
Find Talent


OR

Submit Resume

Start-Ups & Small Businesses to Benefit from New Crowdfunding Laws

By Leslie Zeder
 
688
Views
Tweet

Crowdfunding is now available to unlisted public companies with less than $5 million in turnover and assets thanks to new legislation passed earlier this month.

The change of law allows these companies to utilise crowdfunding to collect up to $5 million per year from small-scale, non-professional investor’s.

What Is the Aim of this New Crowdfunding Legislation?

  • To aid start-ups and other small businesses which might have problems accessing equity funding because of the disclosure costs and other requirements, while also safeguarding mum and dad investors.

What Do Start-Ups Have to Say About the Legislation Changes?

1. Kara Frederick – GrowthPoint Australia director

Kara Frederick believes in the long run the new crowdfunding laws will prove a major boon for start-ups, small-businesses and the wider Australasian economy as a whole.

“It can provide a multiplier effect a cross the economy in time. This is a great step in the right direction to increase liquidity to those companies at a time when they need it most,” said Ms Frederick.

2. James Crawford - Beanhunter managing director and co-founder

James Crawford urges small businesses and start-ups to take all the options for raising capital into consideration (such as approaching other successful entrepreneurs) and weigh the pros and cons of crowdfunded equity before proceeding down the crowdfunding route.

Mr Crawford also points out that these businesses should not forget – just as important as having the money to grow is also having the right people in place to aid in this growth.

3. Sarah Hamilton – Bellabox CEO and co-founder

Sarah Hamilton welcomes the new crowdfunding laws because they open up equity funding opportunities previously unavailable to start-ups and small businesses.

She advises businesses considering using crowdfunding to “work with companies such as OurCrowd which assists investors and companies seeking funding, to create the necessary structure to deal with that funding and to ensure clarity of information to potential investors”.


You might also be interested in:

2019: The year the firms are listening

2019: The year the firms are listening


If I had to wrap up the market in a few sentences this year, I would say that the talent are far more discerning in their approach to roles and the firms are just starting to begin to respond.

The Law Industry Tiers

The Law Industry Tiers


Does the tiered system still hold true in private practice or is it outdated labelling?

The Best Apps on the Market for Business Professionals

The Best Apps on the Market for Business Professionals


What are the most popular applications used by business professionals in Australia? 


Find Law Jobs Here: http://www.lawjobs.com.au/jobs.aspx

Navigate
  • Home
  • Submit Resume
  • News / Blogs
About Us
  • About Us
  • Testimonials
  • Contact Us
Links
  • LawJobs.com.au
Copyright 2022 PC Recruitment Pty Ltd. All rights reserved.

Privacy Policy - Cookies