ESCROW application and SET UP:

 To set up an escrow account for a crowdfunding campaign, download the applicable forms according to your exemption.

  • Complete the (1) Escrow Application, (2) Required Information for Escrow Set Up and (3) sign the Escrow Agreement.
  • Send documents to your hosting portal to review and sign or email completed documents to: [email protected] 

download individual ISSUER documents:

  • Complete the (1) Escrow Application, (2) Required Information for Escrow Set Up and (3) sign the Escrow Agreement.
  • Send documents to your hosting portal to review and sign or email completed documents to: [email protected]

ESCROW CHECKLIST

Escrow accounts will not be opened without the required documentation. Crowdfunding issues are subject to approval by GoldStar Trust Company.   

PROHIBITED BUSINESSES

  • Marijuana-Related Business:  While the growth, sale, and/or distribution of marijuana is legal in some states, Happy State Bank chooses not to provide banking services to this industry by virtue of these activities being against federal law.
  • Internet Gambling Business:  Transactions prohibited by the Illegal Internet Gambling Act of 2006 are prohibited from being processed through this account.

ITEMS NEEDED FOR intrastate CROWDFUNDING CAMPAIGNS/OFFERINGS

  1. Bad Actor Check (from Portal)
  2. Escrow Application
  3. Required Information For Escrow Setup
  4. Escrow Agreement (signed by Issuer and Portal)
  5. Resolution of Borrowing Authority (for debt/lending campaigns)
  6. Certificate of Incorporation (or similar)
  7. PPM/Offering Memorandum (or similar page from Portal providing similiar information on the Issuer
  8. IRA Agreement (if IRAs are to be used to raise funds for the issue, the Portal will obtain annual valuations from the Issuer and provide to GoldStar by the second Friday of every January)

ITEMS NEEDED FOR 506(C)/506(B) OFFERINGS

  1. Bad Actor Check
  2. Escrow Application
  3. Required Information For Escrow Setup
  4. Escrow Agreement (signed by Issuer and Portal)
  5. PPM/Offering Memorandum     
  6. Signature Authorization