Tag Archives: JOBS Act

On March 23,^, 2012 the U.S. Senate, acting in bipartisan fashion, probably because they mistakenly thought it was April Fools Day, resoundingly passed the JOBS Act.  The JOBS Act, which stands for Jumpstart Our Business Start-ups, is primarily intended to create new jobs by helping small and very small companies have more ready access to capital to grow and thus hire more people.  The goals of the JOBS Act are very important to the growth of our economy.   There have been a million articles on it, but I am putting a few links in HERE and HERE for your convenience.

The JOBS Act has many different provisions.  It enables smaller companies, those with less than $1 billion of revenue, to go public while avoiding and/or postponing some of the more onerous and costly Sarbanes Oxley IPO regulations.  An existing law that required companies with more than 500 shareholders to undertake various SEC disclosures has been changed to enable companies to avoid this until they have 2000 shareholders.  And the law also makes it easier for companies to advertise private stock sales to potential investors.

One of the most significant … (read the rest)