Crowdfunding laws are ever-changing, and for those who don’t keep up, the penalties are large and sometimes disastrous. But our principal attorney Manfred Sternberg is an authority on crowdfunding and all the issues and intricacies that come with it. In fact, he wrote the book —literally — on crowdfunding. In addition, Attorney Sternberg has firsthand experience serving as general counsel of the oil and gas industry fundraising website Crudefunders, working daily with investors and sponsors in the rapidly emerging online investing industry.
Social media has revolutionized the opportunities for business and investment ventures. Through crowdfunding, significant amounts of money can be raised incredibly quickly, and greatly increases the feasibility for individuals and businesses to invest. However, these incredible opportunities can also come with complications. Manfred Sternberg & Associates is fully equipped to help you navigate and overcome difficulties crowdfunding may present for you and your business.
Manfred Sternberg & Associates is a boutique law firm whose area of practice includes setting up syndications, private placement offerings, private equity funds, and joint ventures for real estate projects and small business startups. We have experience in working through the intricacies of crowdfunding. Our experience covers numerous disciplines, such as tax securities, financial services, and e-commerce.
At Manfred Sternberg, our attorneys are not only specialized in the area of crowdfunding as it exists today; we are also in constant of awareness of how crowdfunding may change tomorrow. As social media and technology evolve, so will the opportunities for investment opportunities.
We are dedicated to staying aware and skilled in a broad range of legal issues of crowdfunding, such as:
- Securities brokers and dealers adopting or enhancing internet-based platforms
- Portals for non-equity crowdfunding, such as platforms that offer donation, reward and/or pre-sale models
- Businesses establishing novel models for equity crowdfunding
- Financial service institutions and new entrants interested in peer-to-peer lending
- Support organizations that provide back-office and other services to crowdfunding portals
- Accelerators, incubators, angel organizations and startups creating portals or raising funds through crowdfunding
Crowdfunding Legal Disciplines
Our decades of experience has created knowledge in multiple disciplines for crowdfunding legal issues.
Securities: A broad scope of equity crowdfunding covers using the internet to offer securities, advertise offerings, or solicit investors. On a more specific scale, equity crowdfunding includes emerging models for offerings to retail investors and online “matchmaking” platforms focused on accredited or qualifying investors. Concerning securities in these areas, our Manfred Sternberg crowdfunding team is composed of senior lawyers who have numerous years of close involvement in the constant development of relevant securities regulation. We offer advice on local licensing and compliance requirements where versions of equity crowdfunding are already legal.
Tax: All forms of crowdfunding involve intricate tax issues, even more so in situations where funds cross over borders. Manfred Sternberg tax lawyers know such issues well, including charitable donations, income tax, sales tax, and cross-border withholding tax considerations.
Financial Services: Our financial services group assists clients as they navigate various money services issues, from money laundering compliance to interactions with payment processors, which come with crowdfunding territory.
E-commerce: E-commerce includes anti-spam and privacy laws, marketing and advertising in online media, and specialized terms and conditions for crowdfunding portals, just to name a few. And our firm has experienced in every aspect. We realize the internet has no borders, and for this reason, we have an established team that offers a global perspective on crowdfunding and its related regulatory regimes. We work tirelessly to stay up-to-date on the rapidly changing world of e-commerce so when our clients come with questions and concerns, we are ready.
Manfred Sternberg & Associates' legal services include:
- Preparation of Private Placement Memorandums (PPMs) and investor Subscription Agreements
- Selecting the appropriate securities exemption, formation, and structuring of legal entities
- Drafting investor agreements such as limited liability company (LLC) Operating Agreements or Private Loan Documents
- Prepare and file the securities notices with the Securities and Exchange Commission (SEC) and state securities agencies required to qualify for a securities exemption from registration
Our firm has worked with a wide range of e-commerce clients, from individuals raising private money, to seasoned real estate investors and brokers, to family and friends for their new business. Many of our first-time syndication clients have continued using our services to do multiple Private Securities Offerings.
Manfred Sternberg proudly assists clients with federal securities offerings in all 50 states. Email us or give us a call today to schedule a consultation where we can discuss all that we can do for you and your crowdfunding endeavors.