Could Crowdfunding Save Pro Sports Teams?

In July, the NBA’s Houston Rockets went up for sale, and it immediately became clear that the Rockets — with two superstars (James Harden and Chris Paul) and a huge following in the U.S. and China — might fetch a record price for an American pro sports franchise. Sure...

3 Ways to Avoid Holiday Crowdfunding Scams

Crowdfunding has expanded to being a great place to invest money or help new products come to market by pre-purchasing. The Crowdfunding market saw over 87 Billion dollars exchanged in the market in 2016. This market has attracted scammers whose only purpose is to rip...

Some crowdfunding donors could be accidentally breaking tax laws

If the spate of recent national tragedies has tugged at your heartstrings and encouraged you to donate to a charitable crowdfunding campaign, beware: you’re entering dicey legal territory. That’s because, in some cases, you may be required to file a...

Gift Tax Considerations For Crowdfunding

While the amounts solicited in many online campaigns are modest, the dollars involved across the spectrum of all charitable-type crowdfunding sites is significant. Considering the aggregate funds involved, it’s surprising that some crowdfunding sites appear to provide...