About Crowd WallStreet Wisconsin
Crowd WallStreet Wisconsin. (“CWSW”) is a Wisconsin-registered crowdfunding internet site operator that owns and operates www.CrowdWisconsin.com. Crowd Wisconsin is designed to assist unrepresented Wisconsin entrepreneurs in raising funds from their Wisconsin community in order to bring innovative products and services to the market. Crowd Wisconsin enhances the ability of entrepreneurs and investors to capitalize on the power of social capital and the internet to fund innovation by Wisconsin to Wisconsin.
Who Can Raise Capital?
Wisconsin Businesses Can Provide Their Customers The Opportunity To Be Part Owners.
This Is A Great Way For Wisconsin Residents To Have Equity In Their Community.
What Type Of Businesses Can Raise Capital?
Any type of business can raise capital on this Crowdfunding Site.
Who Can Raise Capital On Crowd WallStreet Wisconsin?
As of June 1, 2014, a new law created an exemption that permits Wisconsin businesses to raise money from Wisconsin investors.
Do I need to use a registered broker-dealer to claim the crowdfunding exemption?
No. The offer can be made exclusively through Crowd WallStreet Wisconsin, which is registered with the Division of Securities pursant to Wisconsin Statues.
How Much Can I Raised?
A business can raise up to $1 million dollars, or up to $2 million if the issuer has had an audit in its most recent fiscal year, and has provided the audit to prospective investors and the Department of Financial Institutions (DFI).
What If I Don't Raise My Minimum Funding Goal?
All investors must be offered the opportunity to cancel their commitments to invest, and may elect to either cancel or proceed. The communication with the offer to cancel may come from either the escrow agent or the Internet site operator.
Is there a limit on the number of investors I Can have?
There is no maximum number of investors. The limit excludes sales to any accredited investor, certified investor, or institutional investor.
What Should Be Included In The Disclosure Documents?
A copy of the disclosure statement to be provided to prospective investors in connection with the offering, containing all of the following:
Where Is The Investments held?
Your investment is placed in an escrow account hosted at North Capital. Funds are transferred to the business only after the fundraising target has been met.