BY Romain Dillet, The crowdfunding rules in France will become startup-friendlier in the coming months. The government announced today that companies will be able to raise up to $1.4 million (€1 million) per Kickstarter-like crowdfunding campaign. The same limit will apply to equity crowdfunding (also known as AngelList-style syndicates) — startups will be able to raise up to $1.4 million per year without having to notify the financial markets authority. Previously, equity crowdfunding was limited to $140,000 (€100,000) and your company couldn’t be an SAS (the French equivalent of an LLC). And if you raised more than $140,000, you had to work with a lawyer to produce hundreds of pages of legal documents. With the new law, as long as you raise less than $1.4 million in an equity crowdfunding round, you only have to file a short document of 3 or 4 pages.
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