How is The Florida Intrastate Crowdfunding Exemption different from Title II of the JOBS Act?

Last Updated: Jan 04, 2016 05:20PM CST
The Florida Intrastate Crowdfunding Exemption will permit Florida based entrepreneurs to raise up to $1 million per year from the general public Florida investors, including investors that do not qualify as accredited investors. It means The Florida Intrastate Crowdfunding Exemption crowdfunding will permit almost everyone to invest.
 
Title II of the JOBS act enables general solicitation, or public fundraising.  Companies can only accept money from accredited investors who are typically people with a net worth (excluding their primary residence) of $1 million, income of $200,000/year (or $300,000 with their spouse), officers and directors of the entrepreneur and various institutions that have more than $5 million in assets.

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