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What are BHO rules on sponsorship?

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Apr 18, 2019 - 5:31:58 AM
600 posts since 6/4/2015

Hi,

I'm developing an electric banjo with an innovative feature included. At some future time, the need for sponsors may arise: in a crowdfunding campaign, for example, in order to finance a prototype specimen or series. The most obvious place to start the Hangout, of course.

This is not likely to happen soon. For now, just an option to consider. But I think the question of whether or not BHO rules allow this is nevertheless worth asking.

Veerstryngh Thynner

Edited by - Veerstryngh Thynner on 04/18/2019 05:33:43

Apr 18, 2019 - 6:16:27 AM

1653 posts since 12/31/2005

Crowdfunding on BHO probably could not happen. Crowdfunding sites must register and comply with the SEC regulations on crowdfunding.  But what you are thinking of doing may not be, technically, crowdfunding.  YOu would just have to look.  We have both federal and state laws/regs on securities and raising money (California, for example, always seems to have its own unique laws on just about everything).  So it would take a lot of work for a site like this to make sure it is complying with all potential regs.

What would be cool is for you to go on Shark Tank.  I don't think we've ever had a banjo on Shark Tank, but an electric banjo is the kind of offbeat thing the show might love.

Good luck with it!

Apr 18, 2019 - 8:55:40 AM

Texasbanjo (Moderator)

USA

22702 posts since 8/3/2003
Online Now

Before you do anything else, contact Eric and see if it's okay with him or not. I doubt he'd allow it, but the decision is his alone.

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