8 Point Checklist for Crowd Sourced Funding Equity Raising

55 companies have secured finance for their businesses without having to borrow money from a bank!  This is a great achievement in these difficult times for dealing with banks.

The 8 Point Checklist to determine potential eligibility to raise Crowd Sourced Funding Equity Raising developed by ESS BIZTOOLS highlights the key requisites that an applicant must have:

Phase 1 – Legal Requirements

  1. Is the company a “small unlisted public company” or a “small/medium-sized proprietary limited company”?
  1. Is the Company’s “Group Turnover” for the previous twelve months less than $25 million?
  1. Is the value of “Group Assets” less than $25 million?
  1. Can you confirm that the company is not listed on a Stock Exchange anywhere in the world?
  1. Can you confirm that the company is not listed in an official list of a financial market?

Phase 2 – Identification of Clients Who May Be Interested

  1. Are the Directors interested in expanding the company’s operations?
  1. Are the Directors interested in purchasing another business?
  1. Has the company developed a new product, process, technology, organisational or management methodology or undertaken a significant amount of research and development and expenditure in the last twelve months was over $1 million?

Income in the last 12 months was over $200,000

In which case the Company is not eligible to be classified as an Early-Stage Innovation Company (and therefore may be interested in being classified as a Crowd Sourced Funding Equity Raising Company).

If you have been able to answer “yes” – to questions 1 to 5 and you believe that your client would have an interest in either of questions 6,7 or 8 then your client is potentially qualified to be considering utilising Crowd Sourced Funding Equity Raising to raise capital direct from the public of up to $5 million in a twelve month period.

Your client could then join the 55 companies that have raised $39.8 million in the start-up period from February 2018 to 31 October 2019.

The 55 companies that have successfully completed their capital raising participate in 37 different types of industry activities – thus clearly identifying that Crowd Sourced Funding Equity Raising is suitable for a very wide range of business activities.

If you would like to access the detailed summary of the capital raising attributed to each individual Crowd Sourced Funding Intermediary and the detailed summaries identifying the capital raising for the companies segmented under the names of the intermediaries who assisted them and the 37 industry tags that relate to the 55 companies that have successfully raised capital please visit www.essbiztools.com.au/crowd sourced funding learn more.

If you have any additional questions relative to Crowd Sourced Funding Equity Raising you are invited to send me an email: peter@essbiztools.com.au or telephone me on 1800 232 088

Peter Towers

Managing Director, ESS BIZTOOLS

Peter Towers

Managing Director at ESS BIZTOOLS
Managing Director of Enterprise Support Systems Pty Ltd and creator of ESS BIZTOOLS and ESS BIZGRANTS, Peter Towers, has had a career that includes twenty-three years as a Principal of a Public Practice in Townsville and ten years in Commerce, six years of which was as Chief Financial Officer/Company Secretary of a Listed Public Company on the Australian Stock Exchange.
Peter Towers

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Peter Towers

Managing Director of Enterprise Support Systems Pty Ltd and creator of ESS BIZTOOLS and ESS BIZGRANTS, Peter Towers, has had a career that includes twenty-three years as a Principal of a Public Practice in Townsville and ten years in Commerce, six years of which was as Chief Financial Officer/Company Secretary of a Listed Public Company on the Australian Stock Exchange.