Jumpstart Our Business Startups is abbreviated as JOBS act. This is an legal amendment signed by the present president Barack Obama on April 05,2012, emerged to encourage the funding of small time businesses and niche startups by means of several security legislation’s.
JOBS act benefit for investors and funders ?
By the recent announcement of JOBS act-title II, it greatly impact the businesses and the entrepreneurs by uplift the ban for the businesses, that they can raise investment funding publicly by using social networking sites like Facebook or twitter and other social community sites. This updation in JOBS act will greatly impact in the following aspects,
- Increase the number of shareholders.
Since the act clearly says that, small time businesses can promote and advertise their products to indefinite reach through social media, so it will definitely help them to reach their products to their targeted audience.
- Businesses can easily spread out their product/service
These days, social media are the best means of propagating medium to make their targeted people, aware of the information about the product or services.
- Expand their business range to next level
By means of getting new client base as well as several prospected pipelines, they can easily extend their business range to next level of processing.