Palm Beach, FL (PRWEB) May 28, 2015
In a monumental move to break down old barriers and facilitate increased investment and capital raising within the state, the Florida House and Senate have passed two new pieces of legislation referred to as the ‘Florida Crowd Finance Act’, Senate Bill 914 and House Bill 275 (1). The long awaited legislation that came in late May 2015, comes right on the heels of SEC Regulation A+ (2). These two acts facilitate capital raising for small business, and investment by regular ‘non-accredited investors’.
"Previously these activities has been extremely limited by archaic laws, and were cost prohibitive for those with the most to benefit." says, Anand Patel, CEO of Realinvest. The new Florida intrastate crowdfunding bill is expected to further boost the nation’s 4th largest economy, and facilitate growth by keeping more money in state.
Under these new finance rules small businesses can raise funds from a larger pool of potential investors. And they can achieve it more efficiently than before. This is anticipated to provide substantial benefit for local Florida businesses, and could even attract more business to the Sunshine State. At the same time, Floridians have much to gain as many investments were previously restricted to accredited investors only. This meant those with at least $200,000 in annual income or $1,000,000 in net worth. While accredited investors are expected to still play a large part in the new crowdfunding landscape, non-accredited investors will now have the same investment opportunities and potential returns. Beyond the purely financial aspects expanded crowdfunding rules facilitate more investment within an investor’s community.
The founders behind Realinvest.com have been anticipating the passage of this crowdfunding rule for some time, and have prepared with the imminent launch of the first platform to offer Florida intrastate deals under the act. They are among the first to participate on the larger crowdfunding landscape as it was being pioneered, and have received national media attention. The team has been covered by Spark Business IQ, the Huffington Post, and Forbes. Company spokesperson Andrew Steel describes the platform which connect investors and borrowers as “Investing for Real People. We are creating an easy way to fund projects and invest in projects. We have done all the hard work for you.” Realinvest is designed to facilitate the safe, transparent, and profitable execution of intrastate investment in Florida.
Currently in private beta mode Realinvest is currently accepting investors on a selective basis for exclusive transactions. Florida entrepreneurs, real estate developers, business owners, and investors may request an invitation to be one of the platforms prime users by visiting http://www.realinvest.com.
Securities are offered by WealthForge LLC, member FINRA/SIPC.
For more information on Realinvest, visit http://www.Realinvest.com.
(1) Florida State Senate. 4/28/2015. https://www.flsenate.gov/Session/Bill/2015/0914 & Florida House of Representatives. April 29, 2015. http://www.myfloridahouse.gov/Sections/Bills/billsdetail.aspx?BillId=53298
(2) U.S. Securities and Exchange Commission. 3/25/15. http://www.sec.gov/news/pressrelease/2015-49.html