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PGA East: THE NEW RULES OF CROWDFUNDING
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1/30/2014
When: Thursday, January 30
6:30 PM
Where: Frankfurt Kurnit Klein & Selz PC Offices
488 Madison Ave.
New York, New York  10022
United States


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The PGA East invites you and a guest to...

THE NEW RULES OF CROWDFUNDING
Internet-Based Film Financing Presentation
from Legal Expert Tom Selz


Thursday, January 30
6:30pm - 7:00pm - Registration, drinks & hors d'oeuvres
7:00pm - 8:00pm - Presentation
8:00pm - 8:30pm - Additional networking

Frankfurt Kurnit Klein & Selz PC Offices
488 Madison Ave. at 51st St., 10th floor

For film producers, attracting investors through the Internet and social media seems like a dream come true - and Kickstarter, Indiegogo, RocketHub and other online platforms have yielded many success stories. But for every "Veronica Mars” or Zach Braff sequel, there are many projects which have been unsuccessful, or where even in success, there are unanticipated risks and problems.

The laws governing fundraising over the Internet are changing all the time. Brand new SEC rules about investments from so-called "accredited investors” took effect on September 23. In addition, New York recently approved a new post-production tax credit which can be combined with tax credits from other jurisdictions. To help the film production community take advantage of Internet-based fundraising and new sources of support, Tom Selz, of entertainment law firm Frankfurt Kurnit Klein & Selz, will provide an overview of what producers need to know about these topics.

Please join us for drinks, hors d’oeuvres, and a one hour presentation from one of the nation’s leading film finance practitioners.

Topics include:
• An overview of the crowdfunding or "donation” model
• A rundown of the new SEC rules
• Differentiating between large ("accredited”) and small investors
• "Verifying” accredited investors under the new rules
• Providing investor education materials
• Platform rules: submitting financial statements and information about your company
• Pricing and advertising your offer
• Dealing with "finders” or "referrers”
• Combining large investor and small investor offerings
• Duties owed to investors
• The New York post-production credit: which costs qualify?
• And more

Speaker:
Thomas D. Selz
Partner and co-Founder
Entertainment Group
Frankfurt Kurnit Klein & Selz PC

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