Though some may quibble over the details, June 19, 2015, was an historic day in U.S. regulatory history, at least as far as raising capital for small businesses is concerned – the first day that Regulation A+ became operable.
Ever since 1933, the only lawful way a company could sell a piece of the action to a would be shareholder has been to either register the offering with the SEC, or find a suitable exemption. For smaller companies this has proven to be a challenging task, especially if companies wanted to bring within its fold prospective investors who were not financially blessed to be considered “accredited investors”: those making at least $200k/yr, or millionaires.