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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