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by joewallin
4609 days ago
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If you generally solicit, under Section 201 of the JOBS Act, all of your investors have to be accredited. If you don't generally solicit, theoretically, under Rule 506(b), you can have up to 35 non-accredited investors. BUT, if you even take one you have to provide IPO level disclosure. Ridiculously expensive. See this blog post: http://www.startuplawblog.com/2013/01/14/cant-i-let-non-accr... |
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