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Upcoming Regional Presentations On Significant Changes To Private Company Fundraising

Upcoming Regional Presentations On Significant Changes To Private Company Fundraising


May 5, 2014

Greenville, S.C. – Smith Moore Leatherwood, the Upstate Carolina Angel Network, Greenville's NEXT Initiative and the Spartanburg Chamber announce upcoming presentations on the important changes at both the state and federal levels governing fundraising by privately-held businesses. The meetings will be held at the Greenville Chamber of Commerce on May 14 and the Spartanburg Chamber of Commerce on May 15, each day from 3 p.m. until 5:30 p.m.

The title of the presentation is "New Fundraising Opportunities for Small Business Owners: Tax Credits for SC Investors and Public Offerings for Private Companies." The talks will detail the recently-enacted South Carolina Angel Investor Act as well as the new SEC rules affecting private-company securities offerings. In addition to the groups mentioned above, Shannon A. Wiley, Deputy General Counsel of the South Carolina Secretary of State's office will be attending to help answer questions regarding the Angel Investor Act.

"The new Angel Investor Act should be of great interest to entrepreneurs, small business owners, angel investors and financial services professionals looking to raise capital," Smith Moore Leatherwood attorney Bobby Pearce said. "We want to equip business leaders to benefit from a thorough understanding of the new South Carolina Angel legislation and the potential income tax benefits available."

Matt Dunbar, managing director for the Upstate Carolina Angel Network, said, "In addition to the new Angel Investor Act, we want to educate entrepreneurs on the major changes approved by the SEC that will allow private companies to conduct public fundraising with certain restrictions."

These seminars are open to the public, but seating is very limited and is available on a first-come-first-served basis. If you would like to attend, please e-mail Michelle LaFata at michelle.lafata@smithmoorelaw.com

For more information, contact:
Heather Olson (heather.olson@smithmoorelaw.com)
864.751.7752

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