Crowd Sourced Funding Equity Raising – Accountant’s Role – Assisting a Company on the Journey

Accountant's Minute 201

Accountants can assist companies to prepare the documentation that they will require:

  • Business Plan
  • Budgets/Cash Flow Forecast
  • Customer analysis
  • Identification of unique competitive advantage
  • Business valuation to determine the number of shares to be offered and pricing

Company directors and managers will benefit from advice on how Crowd Sourced Funding Equity Raising operates including:

  • An explanation of the Intermediary’s role, duty, responsibilities and powers
  • An overview of the Intermediaries that have been appointed by ASIC
  • Assistance in conducting meetings with a number or all of the Intermediaries
  • Assistance in the appointment of an Intermediary
  • Most companies will require a significant amount of assistance from an accountant in the preparation of the Crowd Sourced Funding Offer Document.
  • Company directors and managers will require guidance on how the listing process on the Intermediary’s website operates
  • Advice on the processes required at the end of the capital raising (hopefully a successful capital raising) relative to the preparation of the return of allotment of Crowd Sourced Funding Shareholders to be submitted to ASIC and the preparation of share certificates.
  • Many companies which raise capital as Crowd Sourced Funding Equity Raising Companies will require a part-time or Virtual Chief Financial Officer

Some people will enquire “where are these companies that aspire to raise capital in this manner?” – Most likely they are clients of small/medium-sized accountancy businesses situated all over Australia.

The ESS BIZTOOLS’ product package includes a “Client Matrix” to assist in the identification of companies that might be interested in utilising Crowd Sourced Funding Equity Raising to raise capital for their business.

ESS BIZTOOLS has developed a comprehensive product package to assist accountants to deliver a complete professional service to companies relative to Crowd Sourced Funding Equity Raising including:

  • Papers on how Crowd Source Funding Equity Raising operates
  • “Client matrix” to assist in the identification of clients who might be interested
  • Marketing material to assist in promotion to clients and prospects
  • Briefing material on the processes involved in Crowd Sourced Funding Equity Raising including:
    • explanation of Intermediary’s duties, responsibilities and powers
    • explanation on the amount of documentation required in the Crowd Sourced Funding Offer Document
  • A review of the other documentation needed to facilitate the preparation of the Crowd Sourced Funding Offer Document
  • The process of having meetings with intermediaries either in person or by digital communication as part of the selection process of an Intermediary to act for the client
  • Finalisation of negotiations with the Intermediary in relation to their fees and charges
  • Preparation of the Crowd Sourced Funding Offer Document
  • Explanation of what the directors and senior managers responsibilities are whilst the companies offer document is listed on the Intermediary’s website
  • A briefing on what the process is when the capital raising concludes

Click here if you wish to learn more about Crowd Sourced Funding Equity Raising or go to our website:

www.essbiztools.com.au/crowd sourced funding/ learn more

If you have any question on any aspect of the services provided by ESS BIZTOOLS, please do not hesitate to contact us.

Come to our website to see our “40% Discount Promotion” for the month of July 2019.

Have a great day!

Accompanying File:

Crowd Sourced Funding Equity Raising - Accountants Role [2019](AM201).pptx

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