Are you a North Carolina resident? If so, did you know you can now be an investor in North Carolina businesses too?
We’ve all heard stories about “rich folks” that got even richer by getting in on an early-stage investment. These types of investments have been a federally regulated monopoly for decades, made only available to “accredited” investors. Accredited investors are those with a net worth of over $1MM, excluding the value of one's primary residence, or have income of at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to earn the same amount again.
The small business owners who choose to use equity crowdfunding to expand operations, fund purchase orders, cover market expansion related to sales and marketing, or acquire additional capitalization to take advantage of other opportunities runs the gamut. From breweries and restaurants to product and service offerings including medical devices, moving companies, bed and breakfasts, and fundraising organizations all have seen value in exploring alternative financing through equity crowdfunding in addition to or in lieu of traditional banks, loans, or lines of credit.
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