Crowdfund CPA was established to fill the unique needs of the new crowdfunding industry. Title III of the JOBS Act signed into law April 5, 2012 is the single largest change to US securities laws since 1940.  Simply put, it gives Main Street the right to invest in itself - no longer reliant on Wall Street and big bank funding.  The path to funding your venture and getting your feet off the ground is still difficult, and expensive.  Crowdfund CPA can assist you in navigating this journey with confidence and with minimal capital outlay.

The costs of doing a crowdfund raise is a topic of much debate in the industry as we await the SEC and FINRA rulesmaking process, but consensus is SEC regulations to come and the legislative requirements contained in the Bill will certainly require a significant initial investment to pursue a crowdfund offering.  The main anticipated up-front expenses are:

• Certified Public Accountant (CPA):  The legislation requires an audit by a CPA for raises exceeding $500,000, and reviews by a CPA for raises exceeding $100,000. How much does an audit or review cost?  Typically large firms charge a minimum of $15,000 (average mid-sized company audit fees are ~$50k-$150k) for an audit and minimum $5,000 for a review.  However, Crowdfund CPA's focus on this industry and its unique needs allows us to operate lean, work remotely to complete your audit or review, and utilize the power of the crowd to drive the cost down.  We can facilitate services at a fraction of the typical cost.  After all, does your start-up really have much to audit before your raise? Why overpay?  Crowdfund CPA will offer tailored crowdfunding audit and review packages for low activity start-ups in the hundreds to low thousands fee range, See our Audit and Review Cost Estimate Calculator for an estimate for your particular circumstances.
  
• Attorneys:  Not required by statute but generally considered necessary to draft security agreements for the offering, ensure proper entity structure to successfully accomplish the funding, and assist in preparing the prospectus.  Crowdfund CPA also has a network of specialists in the preparation of the necessary documents to do a crowdfunding raise, and operating in the same manner as the CPA services we can offer these services at a fraction of typical attorney fee rates.
  
• Funding Portal or Broker: The bill establishes that all transactions must be completed through a Funding Portal or  Broker.  Industry experts expect these fees to be between 5-8% of the transaction.  With Crowdfund CPA's extensive industry knowledge we can recommend which portal will best suits your business's unique qualities and will provide you the highest opportunity for success.
• Due Diligence:  A number of firms have been established to provide due diligence services for the crowd of investors.  The cost of these services will likely be paid up-front by the company seeking the capital.  However, these services will not likely be a large or completely necessary service.

So how can a entrepreneur front all these costs in the hopes of raising the money they need to pursue their venture?  Through Crowdfund CPA.  We simplify the process, offering consulting from experience in, knowledge of, and connections throughout the industry.  We are teaming with crowdfund specializing attorneys to bundle services and building relationships with portals to offer preferential terms and fee rates to our clients.  You simply will not find more cost effective, efficient, and timely services than Crowdfund CPA.