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Funding your business online using crowdfunding - within Tennessee

Federal rules currently do not allow you to raise capital from non-accredited (wealthy) investors online. However, Tennessee has passed legislation allowing crowdfunding within the state borders. Here is an overview of the rules:
  • Raise up to $1,000,000 in a 12-month period
  • Escrow requirements: Deposited until minimum offering satisfied
  • Investment limitation: $10,000
Here is a link to the complete rules.