Michigan Gov Signs Crowdfunding Law Over Holidays

By Amanda Lewan on January 6th, 2014 / Comments

This signing of this bill may have gone unnoticed to most over the holidays, but it’s not unnoticed by our startup and investor community.

Over the holidays, Gov. Rick Snyder signed the Michigan Crowdfunding bill into law, making us one of the first states to approve interstate crowdfunding for startups. This law was introduced by the House and passed rather quickly. The law includes a $10,000 limit on investment by non-accredited investors, but it has no limit for accredited investors.

Many are still keeping their eye on the JOBS Act which has yet to pass. In the meantime, you can get started raising equity in the state of Michigan.

Read more about House Bill 4996.

Read about the signing in The Daily Telegram.

 

About the Author

Amanda Lewan

Amanda Lewan

Editor @michipreneur. Co-founder Bamboo Detroit. Follow me @Amanda_Jenn. I love telling the story of entrepreneurs and innovators.