Crowdfunding - Finally, The Chance For Small Companies To ‘Go Public’

Aug. 1, 2012 - PRLog -- Crowdfunding is the process of raising capital from the general public by utilizing social media and crowdfunding websites. It is normally used by startups (although that might change soon). This practice was legally prohibited until April 5, 2012 when President Barack Obama signed the JOBS bill.
Until President Obama signed the JOBS bill, investing in startup companies was limited to qualified institutions (known as investment banks) and wealthy investors.  This limited the amount of capital that a startup could raise.

source http://www.speedycpa.com/?p=786

About the author Zev Jankovic, CPA

Zev has 14 years of wide-ranging business experience. Zev has a Bachelors
in Business Administration from the University of Phoenix and a Masters in Accounting
and Information Management from the University of Texas at Dallas (and a member
of Beta Gamma Sigma – Business Honor Society). He is a Certified Public
Accountant (CPA). Zev enjoys spending time with his family, learning Talmud, listening
to music, and hiking in the beautiful Rocky Mountains.