Empowering Smes

Early Stage Innovation Company – a “Cousin” Entity to a Crowd Sourced Funding Equity Raising Company

Informações:

Sinopsis

When the then Australian Prime Minister, Malcolm Turnbull announced the Coalition Government’s Innovation Policy in December 2015 he indicated that two new types of corporate entities would be established. These entities were: Early Stage Innovation Company which required amendments to be made to the Income Tax Act Crowd Sourced Funding Equity Raising which required amendments to be made to the Corporations Act An Early Stage Innovation Company status can grant to eligible investors the opportunity to be able to claim a tax rebate on the value of their investment (subject to limitations) and these original investors may be entitled to avoid Capital Gains Tax on their initial investment in the company....     READ THE FULL ARTICLE HERE