Tag Archives: The Frutkin Law Firm

148403349

Equity Crowdfunding Rules Approved by SEC

Although delayed for nearly a year, today the Securities and Exchange Commission unanimously approved the release of proposed equity crowdfunding rules. The proposed rules have been published and are available on the SEC website for public comments. The rules are part of the implementation of The JOBS Act, a 2012 law which legalized the opportunity for regular people to invest in local businesses without cumbersome regulations.

Attorney Jonathan Frutkin wrote the book “Equity Crowdfunding: Transforming Customers into Loyal Owners” which was published earlier this year. The book, available on Amazon.com, explains how this extraordinary opportunity will allow local businesses to generate new enthusiasm to accelerate their growth. Frutkin is Principal with The Frutkin Law Firm, PLC in Scottsdale, Arizona.

“The release of proposed rules by the SEC is a monumental step forward,” Frutkin says. “It finally moves the ball forward, permitting equity crowdfunding to be finally legal and implemented in 2014.”

Frutkin believes that the ability of regular people to own part of their local economy, rather than being limited to simply investing in large multi-national companies like Exxon and Apple will be transformative to communities.

“People have become far too disconnected from their investment dollars. Instead of driving Wall Street, their investment in Main Street will make their neighborhood a much more interesting place to live,” Frutkin notes. “Now, at least some of their net worth will help their community flourish.” Frutkin also emphasized that equity crowdfunding is not permitted yet, and any company looking at this type of financing should contact their legal counsel.

Frutkin has been active in the crowdfunding movement since The JOBS Act was passed last year. He is a frequent speaker and commentator on the future of crowdfunding finance.

148403349

Frutkin Publishes Equity Crowdfunding book

There has been widespread recognition of the emerging power of crowdfunding, the online phenomenon that provided more than $10 million for iPhone-compatible watch creator Pebble and $5.7 million for the upcoming Veronica Mars movie. Valley Attorney Jonathan Frutkin of The Frutkin Law Firm recently published a new book about this new source of finance, known as “equity crowdfunding”. According to Frutkin, the same power of online funding will soon let local companies raise capital online – and more importantly, make customers into owners, increasing the market share of businesses that successfully leverage this new opportunity.

The book, titled Equity Crowdfunding: Transforming Customers into Loyal Owners, provides insight into how business owners can turn their customers into loyal customers while raising money for their company. It is now available for print and digital purchase on Amazon.com.

“Equity crowdfunding is the single largest marketing opportunity for local businesses to transform mere customers into loyal owners,” Frutkin said when describing the concept. “By resetting the relationship between corporation and patron, the new rules for crowdfunding are going to fundamentally shift the way entrepreneurs think about both raising capital and creating long-term engagements with their customers.”

Interest in crowdfunding drastically increased after President Barack Obama signed the JOBS Act (Jumpstart our Business Startups) in 2012 legalizing equity crowdfunding, subject to new rules being agreed by regulators. A total of $2.7 billion was provided through crowdfunding by individual donors last year, according to reports by research firm Massolution — up 81% from 2011. This space is only going to heat up further when SEC rules for the JOBS Act are released this year, paving the way for equity crowdfunding.

For more information on the book, author Jonathan Frutkin, and The Frutkin Law Firm, visit www.frutkinlaw.com.

Goldwater Institute

2013 Top Lawyers list: Business/corporate law

Az Business magazine’s 2013 top lawyer list was created after the editorial department asked Arizona law firms to nominate their two best attorneys from 16 different categories for consideration. Those nominees were put on a ballot and were voted on by their peers in the legal community and the readers of Az Business magazine to determine the exclusive 2013 Az Business Magazine Top Lawyers list.

Jessica Benford
Ryley Carlock & Applewhite
602-440-4866
www.rcalaw.com
Benford counsels clients regarding general corporate representation, including corporate formation and governance. She also handles securities enforcement and regulation matters.

Charles E. Davis
Davis Miles McGuire Gardner, PLLC
480-733-6800
www.davismiles.com
Davis has an “AV Preeminent” rating by the Martindale-Hubbell Peer Review Ratings system, which connotes the highest possible rating in both legal ability and ethical standards.

Gerald Gregory Eagleburger
Sanders & Parks, P.C.
602-532-5692
www.sandersandparks.com
Eagleburger’s practice includes all types of transactional, commercial/business and personal asset matters, including formation and governance of corporations, partnerships and limited liability companies.

Stephanie Fierro
The Frutkin Law Firm, PLC
602-606-9300
www.frutkinlaw.com
Fierro’s practice focuses on general counsel business law and estate planning. She brings the firm a wide range of experience and interests including all aspects of corporate transactional work, estate planning, and tax representation.

Jonathan B. Frutkin
The Frutkin Law Firm, PLC
602-606-9300
www.frutkinlaw.com
Frutkin is the principal attorney at The Frutkin Law Firm and brings areas of expertise in the practice areas of corporate and business law, corporate bankruptcy, and commercial litigation.

Phillip Guttilla
Polsinelli
602-650-2327
www.polsinelli.com
Guttilla Guttilla serves as general corporate counsel to his clients ranging from emerging growth companies to multi-national enterprises.

Gregory R. Hall
DLA Piper
480-606-5128
www.dlapiper.com
Hall regularly counsels clients on a broad range of corporate, securities and business-related matters and matters affecting corporate policy and strategy, including directors’ duties and responsibilities and other aspects of corporate governance.

Travis J. Leach
Jennings Strouss
602-262-5806
www.jsslaw.com
Leach focuses his practice in the area of corporate, securities, and finance. He also helps lead the firm’s Sports and Entertainment practice, coinseling professional athletes, coaches, entertainers, and ownership groups.

Brian Moll
Polsinelli
602-650-2302
www.polsinelli.com
Moll practices in the areas of corporate law, mergers and acquisitions, and commercial contracts. He has extensive experience in assisting businesses in all stages of their operations, from start-up to a mature business.

Robert A. Royal
Tiffany & Bosco, P.A.
602-255-6011
www.tblaw.com
Royal’s practice emphasizes intra-corporate dispute and director, officer and manager liability issues.

Terence W. Thompson
Gallagher & Kennedy, P.A.
602-530-8515
www.gknet.com
Thompson’s practice emphasizes corporate business acquisitions; public-private projects, including strategic joint ventures; Native American enterprises and projects; water/wastewater infrastructure development; sports facility financing; and physician-hospital contracts.

Nancy White
Steptoe & Johnson LLP
602-257-5213
www.steptoe.com
White’s practice emphasizes international and domestic transactions, including mergers and acquisitions, purchases and sales of capital assets and real property, project finance, asset-based financings, asset securitizations, and private placements of debt and equity securities..