With conservative attitudes to lending rife among the banks and investors perennially wary of new businesses, crowdfunding has become an attractive option for start-ups.
But there are numerous legal issues surrounding this form of finance, as ASIC’s recent probe into the industry demonstrates.
Today, lawyer Reece Walker explains the four main potential pitfalls of crowdfunding, from intellectual property concerns to shonky website providers.
There’s also news on how a Singapore-based start-up founded by two former Fairfax staffers has captured a healthy chunk of funding and mentor Graeme McCormack explains how to avoid a franchising nightmare.
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