The Jobs Act of 2012

Question 1

What is the goal of the JOBS Act?

Answer 1

-Make it easier for small companies to raise capital to eventually lead to job creation

Question 2

What are the benefits of being an Emerging Growth Company (EGC)?

Answer 2

• Avoid regulatory burdens for up to 5 yrs

- Include only 2 yrs of audited FS’ in IPO registration statement

Question 3

What is the JOBS Act limit on crowdfunding raising in 1 year?

Answer 3

• $1 million

- Foreign companies even though they may be EGCs cannot use the crowdfunding exemption