Are crowdfunding donations taxable?
TheBooMoney
by Nora Mohsen
2y ago
The answer to this question depends on the country in which you reside. In the United States, for example, donations made to a crowdfunding campaign are not generally considered to be taxable. However, there are some exceptions to this rule. If for example, you receive goods or services in exchange for your donation then the value of those goods or services may be subject to taxation. Additionally, if the crowdfunding campaign is run by a professional fundraiser who keeps a portion of the donations for himself then the amount that he keeps may be subject to taxation.   What Is Crowdfundin ..read more
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Crowdfunding For Down Payment on House
TheBooMoney
by Nora Mohsen
2y ago
Down payments on houses are typically 20% of the total loan amount. For people who can’t afford a down payment that large there are a few options available. One option is to get a loan from a family member or friend. Another option is to crowdfund the down payment. There are a few platforms that allow people to crowdfund such as Patreon and GoFundMe. The advantage of crowdfunding is that it allows people to pool their resources together in order to come up with a down payment. The disadvantage is that it can take a long time to raise the money and there is no guarantee that the money will be r ..read more
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How to make a successful crowdfunding campaign in 2022?
TheBooMoney
by Nora Mohsen
2y ago
Small businesses looking to raise How to make a successful crowdfunding campaign are increasingly turning to crowdfunding. Financing a new product or idea has never been easier. But building a successful crowdfunding campaign requires more than setting up a page on Kickstarter or Indiegogo and waiting for donations to come in. We’ll discuss how to plan, how to make a successful crowdfunding campaign, prepare, and launch a successful crowdfunding campaign, as well as how to transform your idea into a self-sustaining business once your campaign has ended. How to make a successful crowdfunding ca ..read more
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Regulation crowdfunding maximum investment
TheBooMoney
by Nora Mohsen
2y ago
regulation crowdfunding maximum investment: Today, the Securities and Exchange Commission (SEC) announced a big announcement that’s going to change startup investing and private investments forever. A regulation crowdfunding campaign can now raise up to $5 million in any 12-month period, up from $1.07 million. Besides raising more money on Regulation A+, it also increases individual investment limits in some cases from $50 to $75 million. The changes will take effect in 2021. Why are we so excited about these changes? Regulation crowdfunding maximum investment: A company’s ability to access ca ..read more
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Successful crowdfunding campaigns examples
TheBooMoney
by Nora Mohsen
2y ago
We see countless successful crowdfunding campaigns every day but not all of them are spectacularly successful. Only a few were able to exceed their goal more than 10 to 20 times. These activities are definitely doing more than expected and actually good for them. So when you plan your own crowdfunding campaigns you can definitely get some constructive feedback from these campaigns. Today’s blog highlights five successful crowdfunding campaign examples and what you can learn from each.     1. Chess Up As one of the most funded chess campaigns on Kickstarter if not the most funded Che ..read more
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Pros and cons of equity crowdfunding
TheBooMoney
by Nora Mohsen
2y ago
Pros and cons of equity crowdfunding is a type of fundraising in which investors are given ownership of a firm in exchange for money. It’s a viable alternative to more conventional types of fundraising, giving businesses greater control over who they do business with and on what terms. Although it is a viable strategy, not every business will gain from it. Entrepreneurs considering equity crowdfunding should assess the benefits and drawbacks. Friends and relatives, angel investors, bank loans, venture capital, and other sources of funding are available to startup founders. Crowdfunding is a re ..read more
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How much money can be raised through crowdfunding?
TheBooMoney
by Nora Mohsen
2y ago
How much money can be raised through crowdfunding That’s a regular question on Q&A sites like Quora and Reddit, and it’s one that hasn’t received a definitive response? Successful fundraisers, specialists, and industry leaders share their knowledge and experience, although the total amount ranges from thousands to millions of euros. So, what is the average amount of money you can raise through crowdfunding, and what are the minimum and maximum caps? Let’s see if we can figure things out together. Regulation limits for capital raised in different countries To begin with, regulatory agencie ..read more
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How to write a good crowdfunding campaign
TheBooMoney
by Nora Mohsen
2y ago
Over the last few years, crowdfunding has grown in popularity as a viable means of obtaining funds for entrepreneurs. Thousands of enterprises have raised billions of dollars during this time to bring new technology to consumers directly. Over $2.1 billion was raised through crowdsourcing initiatives between 2014 and 2016. The entire amount received through crowdfunding is estimated to exceed $300 billion by 2025. The opportunity for individuals who know how to effectively write a crowdfunding campaign is limitless. How to write a good crowdfunding campaign? how to write a good crowdfunding c ..read more
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How do mortgage interest rates work?
TheBooMoney
by Meredith Mangan
2y ago
Mortgage interest rates represent the cost of borrowing money to purchase a home. They’re determined by the lender and they reflect the current market conditions for borrowing.  When you compare mortgage interest rates you’ll see both advertised and APR. Advertised rates are the interest rate you’ll see on most mortgage websites and in ads.  They don’t include any of the fees or points that will be added to your loan so they’re not the best way to compare rates. APR is the true cost of borrowing and it includes the interest rate plus all of the fees and points associated with the loa ..read more
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Can Real Interest Rates be Negative?
TheBooMoney
by Meredith Mangan
2y ago
Real interest rates can be negative if inflation is positive. For example, can real interest rates be negative if the nominal interest rate is 2% and inflation is 3% then the real interest rate is -1%? This happens when the price of goods and services increases faster than the interest rate on savings accounts. In this case, savers are actually losing purchasing power by keeping their money in the bank. The real interest rate can be negative Quizlet The real interest rate is the nominal interest rate minus the inflation rate. If the nominal interest rate is 3% and the inflation rate is 2% the ..read more
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