Recently, the bipartisan Jumpstart Our Business Startups (JOBS) Act became law, transforming how entrepreneurs can raise the money to grow their business. The JOBS Act expands the pool of potential investors, makes investing in small businesses more attractive and lowers the regulatory burden for more mature business of “going public.” Savvy entrepreneurs should be aware of what the new legislation entails when forming a comprehensive strategy for raising capital and growth.
“The JOBS Act is a game changer for entrepreneurs and ‘Main Street’ businesses,” explains Rob Kaplan, a partner at the law firm Kaplan Voekler Cunningham & Frank (KVCF). “Those who are unaware or don’t fully understand the implications may miss out on opportunities that are now becoming available.”
