Bill Would Let Small Businesses Sell Stock Shares Online

Great idea for Florida!

"MADISON (AP) — Wisconsin small businesses could sell stock shares to potential investors online under a proposal unveiled Tuesday that its backers said would take the popular Kickstarter model to a new level.

Crowdfunding Internet sites such as Kickstarter and Indiegogo allow the public to donate money to help finance projects, often in exchange for a gift or sample product like T-shirts and bumper stickers.

But the bill circulated for co-sponsors on Tuesday would allow interested investors to purchase stock and equity in a business, not just make a donation, using the same online crowdfunding methods.

Under that model, backers of a business would become investors who stand to make money if a company succeeds, not just donors with no stake in the outcome of the venture.

The proposal sponsored by three Republican lawmakers could be taken up by the GOP-controlled Legislature as soon as next month.

Wisconsin would be a pioneer in the area of offering stock sales through crowdfunding, as only two other states have passed similar laws, said David Dupee, founder of CraftFund, a Milwaukee-based crowdfunding platform for craft brewers nationwide."

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For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.