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Kevin J. Walsh quoted in article “Arizona Entrepreneurs May Get Boost from Crowdfunding Law”

The Arizona Republic

Below is an excerpt:

Under the new law, Arizona companies seeking financing will be able to raise up to $1 million over a 12-month period, assuming they haven't undergone a financial audit in their prior fiscal year. If they have been audited, they can sell up to $2.5 million of securities.

The new rule is designed to ease the many disclosure, regulatory and cost hurdles associated with selling shares in the stock market.

"It's a great tool for startups and growing tech companies with a story to tell," said Kevin Walsh, a securities-law attorney at Quarles & Brady in Phoenix.

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