Small Business Resource Joins Support for JOBS Act

ChooseWhat.com is thrilled with the prospect of the JOBS Act, a bill currently making its way through the United States Congress, becoming the signed law of the land within the next few months. The legislation, which has already passed the U.S. House of Representatives and awaits action by the Senate, is specifically designed to make it easier for startups and small businesses to expand and raise capital.

As the premier resource for helping guide entrepreneurs through the process of starting a business, ChooseWhat.com supports any effort to remove barriers that keep budding entrepreneurs from realizing their dreams of launching their own company.

“The JOBS Act could open the door to all sorts of new entrepreneurs who in the past might have been daunted by the prospect of starting a business of their own,” said ChooseWhat.com Co-Founder, Gaines Kilpatrick. “At ChooseWhat.com, we stand ready with our Startup Guide to help any business owner get their company infrastructure up and running quickly and correctly.”

The Jumpstart Our Business Startups (JOBS) Act creates a new category of “emerging growth companies” which would face significantly less barriers when it comes to advertising for investors, allow entrepreneurs to raise capital from a bigger pool of small investors, and delay SEC requirements should a small company decide to try and go public.

Specific ways small businesses will be affected by the JOBS Act:

Increasing the amount of private equity available for startups – By raising the limit to 1,000 shareholders, small business owners can drastically increase the amount of investment opportunities for individuals or private equity firms.

Encouraging “crowdfunded” startups – Given the increase in investment opportunities, we will start to see a growth in “crowdfunding” websites, like Kickstarter, SeedUps, or IndieGoGo that entrepreneurs can look to for funding of up to $2 million dollars for their startups. This could increase the amount of successfully funded small businesses as well as the opportunity for people to become stockholders for many of these startups.

Provide companies more compensation opportunities – Stock options are one of the most commonly known compensation alternatives to salary, but with the 500 shareholder limit, small business must save most of these securities for investors. By increasing the amount of securities a company can have prior to going public, small businesses have more incentives to offer talent.

Allows companies to advertise investment opportunities – Currently the SEC bans the solicitation of investment opportunities for small businesses.

“In such a tough economic environment, anything that clears hurdles for someone taking the risk of starting a business is a plus,” continues Kilpatrick. “So many budding entrepreneurs need help, and ChooseWhat.com is there to point them in the right direction.” To check out the site for yourself, please visit: http://www.choosewhat.com/

ChooseWhat.com has all the top tools, tips, and tactics you need to start your business. Through its unique Startup Guide, detailed reviews of business infrastructure service providers and links to their products, ChooseWhat.com helps entrepreneurs get their business off the ground quickly, efficiently, and cost-effectively.

ChooseWhat.com
611 S. Congress Ave. Suite 505
Austin, Texas 78701
Larry Bills, Director of Content
larry@choosewhat.com
(512) 448-9031

This release was published on openPR.