Mississippi Joins the Growing List of States Legalizing Crowdfunding

Late last year Delbert Hosemann, the Secretary of State of Mississippi, convened acrowdfunding study group to review the potential of allowing investment crowdfunding in their state.  According to an announcement lastFriday, Mississippi will be next on the list to legalize the new approach to capital formation.  Secretary Hosemann noted the extended delay by the SEC in finalizing rules has become a catalyst for Mississippi to push forward on its own.

Hosemann called the new regulations “a very strong asset for small businesses in Mississippi”.  Hosemann has been very supportive of the state initiative and the importance of supporting the states entrepreneurs and small businesses.

Investors will be able to commit up to $50,000 for crowdfunding businesses. Companies crowdfunding in the state will not pay any fee to do so (to the state) – the lowest fee in the country.  Money may be raised in-state, as well as out of state,...

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