Document Type
Article
Publication Title
Regent University Law Review
Abstract
This article explores the federal securities law status of financial interests in for-profit social enterprise entities. When analyzed through the lens of the Securities Act of 1933 and the Securities Exchange Act of 1934, financial interests in social enterprise businesses raise both concerns and opportunities. Ultimately, the federal securities regulation status of interests in for-profit social enterprise ventures is important for choice-of-entity reasons (since the regulatory framework may impose different costs on interests in different structural business forms), for capital-structuring reasons within individual forms of entity, and for risk-management reasons at the entity level. In addition, an inquiry into the applicability of federal securities regulation to the funding of social enterprise serves as a catalyst for further thought on the optimal applicability of federal securities regulation to interests in business entities and projects.
First Page
299
Last Page
328
Publication Date
2013
Recommended Citation
Heminway, Joan MacLeod, "To Be or Not to Be (a Security): Funding For-Profit Social Enterprises" (2013). Scholarly Works. 846.
https://ir.law.utk.edu/utklaw_facpubs/846