MADISON (WKOW) – A proposal that would allow investors to purchase stock and equity in a Wisconsin business online using the crowdfunding model is gaining support in the Legislature.
No one has registered to lobby against the measure that is up for a hearing before a state Assembly committee on Thursday.
Supporters of the proposal include Wisconsin bankers, independent businesses and the state chamber of commerce.
The Republican-sponsored measure uses the approach used by popular Internet crowdfunding sites like Kickstarter and Indiegogo. The main difference is that instead of soliciting donations only, the public will be able to invest in a company and have a financial stake it its future.
Wisconsin would be one of the first states in the country to adopt such a law if it passes the Legislature and Governor Scott Walker signs it.
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