Posts
Showing posts from July, 2023
SMALL BUSINESS CROWDFUNDING
- Get link
- X
- Other Apps
Small business crowdfunding fundraisers are events in which lager numbers of people make small investments for the startup or expansion of a small business. Due to the increasing demand for crowdfunding investors, and the limited number of non-entrepreneurs who are investing into small business crowdfunding, it is crucial that entrepreneurs resorts to their creativity and work together to provide their own crowdfunding money to invest in their own small businesses. The example for this type of crowdfunding fundraiser is as follows: For a fixed term on one year, one hundred entrepreneurs join forces, work together as one crowdfunding entity. The group of entrepreneurs must set up a trust account in which they must deposit and keep the groups money. Every 3 months each entrepreneur invest $1,000 into its crowdfunding fundraisers. All of the money is deposited into the group's trust account, which must maintain a minimum balance of 6 months worth of deposits or $200,000. After...