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Raising capital has just gotten easier in Wisconsin. If your business qualifies for the Qualified New Business Venture Program (QNBV), anyone who invests in you can receive tax credits equal to 25 percent of their equity investment. Wow! That’s money directly off their tax bill, making investing in your company an endeavor that can be profitable today while investors wait for potential profits in the future. After all, who doesn’t want to pay less in taxes?
To qualify as a QNBV, you need to be a local company who has at least 51 percent of your employees in Wisconsin with fewer than 100 employees total. Once certified, an investor can put in up to $8 million and receive up to $2 million in tax credits. This is an incredible opportunity.