The Vermont Department of Financial Regulation made changes to current securities regulations that would support VT entrepreneurship while protecting interests of investors.
The revised regulation, VSBOE, allows businesses and start-up companies to raise up to $2 million in capital by selling shares in their company to in-state investors. The regulation allows for a simplified process to reduce the regulatory burdens and costs usually associated with securities registration. The Department also issued guidelines for small business owners concerning the type of info and disclosures that should be provided to prospective investors under a VSBOE offering.
For more information visit: http://www.dfr.vermont.gov/
Davis & Hodgdon Associates CPAs has been assisting nonprofits, individuals and businesses with tax and accounting services in the Burlington Vermont Metro area for more than 20 years. If you have any questions or concerns please feel free to call 802.878.1963 or email [email protected].