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.