Frequevent Question and Answer: Equity Crowdfunding

What is Illinois Intrastate Crowdfunding Exemption?

Last Updated: Dec 31, 2015 03:05

Illinois Intrastate Crowdfunding Exemption is the state law regarding the regulation of the securities industry in Illinois. Illinois Intrastate Crowdfunding Exemption authorizes Illinois based companies to raise up to $2 million per year and $4 million per year if issuer provides independently reviewed and officer certified financial statements, by sales of securities to other Illinois residents, with minimal regulatory compliance requirements.

Access to the securities and offers and sales of securities appearing on the truCrowd Illinois funding portal is limited to Illinois residents only. As such, to become an Authorized User on the truCrowd Illinois platform, you must affirm and verify your Illinois residency. Similarly, any issuer seeking to be listed on the truCrowd Illinois website must be based in, and limited to, Illinois.

Investing in startups and early-stage businesses involves risks including illiquidity, lack of dividends, loss of investment and dilution. Equity crowdfunding should only be executed as part of a diversified portfolio in accordance with the limits set up by the Illinois State Securities Board. At truCrowd Illinois we exclusively serve Illinois resident investors who understand these risks and are capable of making their own investment decisions. Read the full Risk Warning

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