Governor Bentley Signs Crowd Funding Law

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By Alabama News Network

Governor Bentley signs the crowd funding law. This means that Alabamians wanting to start a small business may have a new way to raise money. They will now be able to use social media and advertising to find small investors who live in the state. The so-called "crowd funding" is limited to raising one-million dollars. It is restricted to Alabama businesses and investors because of federal regulations. The investments are capped at five-thousand dollars for most people.

 

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