Effective today, May 16, 2016, companies can file Form C to EDGAR, which is the offering statement containing the initial disclosures required for crowdfunding.
Crowdfunding is a method of raising capital via the Internet as a means to fund projects and grow businesses. Title III of the Jumpstart Our Business Startups Act (the JOBS Act) created a federal exemption that allows crowdfunding to be used to offer and sell securities via registered crowdfunding portals. While Form C is effective today, there is a waiting period of 21 days before any securities can be sold to allow investors to access and review the provided disclosures.
GoFiler Complete is ready to file Form C and all of its variant forms with a new interface for Form C, as well as tools for importing data into the form from external sources and for migrating data from a previous filings. For more information about Form C and the tools available in the GoFiler suite, watch the quick five-minute video below:
If you have any questions about Form C or about our EDGAR filing solutions, please contact either our sales team at sales@novaworkssoftware.com or our support team at support@novaworkssoftware.com. We’ll be happy to provide you with more information about this new form and about crowdfunding.
