Oct 22, 2019
Yes, 19 October 2019 was the first anniversary of the commencement of Crowd Sourced Funding Equity Raising when private companies were able to raise capital direct from the public.
If you have clients who have a turnover of less than $25 million per annum and have gross assets valued at less than $25 million and are not listed on the Stock Exchange they are potentially eligible to raise capital as a Crowd Sourced Funding Equity Raising Company.
An eligible company will need to have a vision, a capable leadership team and a sound business that they could gainfully utilise capital raising of up to $5 million in 12 months to further develop their company.
The introduction of Crowd Sourced Funding Equity Raising for private companies represented the most “significant improvement to business financing” for small businesses and medium-sized enterprises in the last 35 years.