JOBS Act makes crowdfunding a household word | AccountingWEB

JOBS Act makes crowdfunding a household word

The new bipartisan Jumpstart Our Business Startups (JOBS) Act is expected to be signed into law shortly. This new law provides accountants with two key opportunities for connecting with their clients.

Small businesses will have the opportunity to offer their stock on the open marketplace without the tough restrictions previously imposed by Sarbanes-Oxley and the SEC. And individual investors will have the opportunity to get in on IPOs previously restricted to qualified institutions and members of the corporate family. Good news for everyone? Let's consider the possible talking points as well as potential benefits and pitfalls of this legislation.

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Caleb Newquist is the Editor-in-Chief of Sift Media US, overseeing content for both AccountingWEB and Going Concern.

Prior to this role, Caleb served as the editor of Going Concern since its founding in 2009. During his time as editor, Going Concern quickly became one of the most popular and talked about websites in the accounting profession. He has been named one of Accounting Today's Top 100 Most Influential People every year since 2011 and has been published on numerous websites, including Above the Law, Deadspin, Denver Business Journal, and the Huffington Post.

Caleb is an adjunct professor of journalism the Community College of Denver in Denver, Colorado, where he teaches Internet Media.

Prior to falling bass ackwards into the media business, Caleb spent over five years working in public accounting, with more than three of those years at KPMG. Caleb received a Master of Science in Accounting from Colorado State University and a Bachelor of Science in Business Administration from the University of Nebraska at Kearney.

Caleb spends a lot of time on a bicycle and reading, but never at the same time.

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