MADISON, WI (WTAQ) - Small businesses in Wisconsin could sell stock shares online to potential investors, under a new bill announced Tuesday.
Republican lawmakers are seeking co-sponsors for a measure to allow so-called “crowd-funding.”
The concept allows people to donate money online at sites like Kick-starter.
The funds would help a business owner or project creator.
The Wisconsin measure would allow small companies to sell up to two-million dollars in crowd-funding.
David Dupee runs a crowd-funding platform out of Milwaukee, to raise money for craft brewers throughout the country. He says Wisconsin can be a pioneer in the concept, because only two other states have passed laws which allow crowd-funding.