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Could Royalty Based Crowdfunding Bypass SEC Rules Under Title III

Offering securities to unaccredited investors is still a big No, No until the SEC releases the final rules under Title III of the Jobs Act. However, there is a possibility, with the right kind of disclosure statements, you could Crowd Fund to unaccredited investors by not providing equity in your business and offering royalties instead. Sound like something that would require a little more exploration.
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