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.