Part of funding portal member: truCrowd, Inc.
How is Title III of the JOBS Act different from Title II of the JOBS Act?
Last Updated: Jun 07, 2017 21:12

Title III of the JOBS Act will permit U.S. entrepreneurs to raise up to $1,070,000  per year from the general public, including investors that do not qualify as accredited investors. It means Title III crowdfunding will permit almost everyone to invest.
 
Title II of the JOBS act enables general solicitation.  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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