August 19, 2013
The actions the SEC is taking are unjust. It impedes the time it takes to get the funding, slows down productions ( with unwanted paper work) and subjects people with little to no business experience or a plethora of experience to IRS auditing and criminal charges.
These laws are not always made accessible to the public, even when you do research, you can miss several - some of which the law makers know nothing about. Several investors may actually stop funding these businesses because of the liabilities they could face.
You are not authorized to tell the SEC about future investments for socks and bonds and this shouldn't be any different. The current SEC laws for investing should act the same for investing in businesses.
Most businesses already claim the funding when they file their business taxes, double tapping only creates more confusion.
I understand that there are a lot of criminal organizations that use businesses to launder money and use Startups as fronts for sending dirty money, but they could do the same with scholarship funding. We need to get Small businesses, new ideas and entrepreneurs going. By putting more road blocks in the way, you stop and limit these things from happening.