Michigan’s Crowdfunding Bill Passes the Senate

By Amanda Lewan on December 13th, 2013 / Comments

Michigan’s crowdfunding bill which will allow startups to raise capital via equity crowdfunding has passed the Senate this week. It is now going back to the House where the bill originated.

It looks very likely that it will receive the stamp of approval from the House. Next it will require a signature from Gov. Snyder. Many believe the bill could go into effect early 2014,  allowing Michigan businesses to raise up to $2 million from non-accredited Michigan investors.

Are you following the bill? Eager to raise equity online? Here’s a bit more information:

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.