Book Project Cracks $1 Million Dollars By Crowd Funding

The third project get over $1 million dollars in financial support is also the first book to do so. Rich Burlew wanted to

Taxes and Crowd Funding

Everyone always asks how is the money from crowd funding taxed. The answer is always- it depends. I know you hate that. I hate that too. However, everyone’s situation is different. First of all, you need to let your tax professional know you have gotten funds from crowd funding. You must explain to that person what you are doing and how you are using the money.

If you are a non-profit, the tax consequences will be much different than if you are a for-profit business. If you have actually started a business, the tax consequences will be different than if you do not own any type of business. You have to decide if it is part of your personal taxes or your business taxes. All of this can be done BEFORE you raise money using crowd funding. Read more

Crowd Investing

Under the Jumpstart Our Business Startups Act, or JOBS Act, small companies will have the ability to raise up to $1 million in equity on an annual basis through crowdfunding, without having to go through the rigorous disclosure process by the Securities and Exchange Commission. This is what I term Crowd Investing

You need an attorney to make sure your paper work is in order. A simple crowd fund where you are not offering shares is simple and easy to do.

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