House Passes Crowdfunding Bill: FAQ’s for Entrepreneurs
Scott Edward Walker
NOVEMBER 9, 2011
Presumably, each stockholder will be required to execute a subscription agreement and/or stockholders’ agreement to address key issues such as transfer restrictions, rights of first refusal, drag-along rights, etc. Last week, the U.S. House of Representatives passed a crowdfunding bill that will allow startups to offer and sell securities via crowdfunding sites and social networking sites. What is Crowdfunding?