Research On Prevention Of Legal Risk Of Award-based Crowd-funding

Although crowd-funding is a borrowed word,it has deep origin in China,ranging from traditional “paying money” to modern “raising money”.All of these are a kind of spontaneous behavior of funding.With the development of society,crowd-funding has been given a new connotation and gradually developed new ways of funding,such as award-based crowd-funding,equity-based crowd-funding and profit crowd-funding.Crowd-funding gradually becomes one of new ways of financing for small and medium-sized enterprises.Under this context,Gui Yang Crowd-funding Finance Exchange emerges.As one of new way of funding,award-based crowd-funding means that enterprises of selling party can show their design of product and product that are already formed through the platform of Gui Yang Crowd-funding Finance Exchange.Meanwhile,enterprise of selling party sets certain goals of financing and offers different rewards according to amount of payment of buyer.It can attract buyer and finally solve the issue of fund and sale of selling party.When award-based crowd-funding is welcomed by the majority of small and medium-sized enterprises,there are still many legal risks due to the lack of appropriate regulation.Therefore,the author takes the award-based crowd-funding of Gui Yang Crowd-funding Finance Exchange as research object,makes a field investigation and conducts interview with relevant staff.Based on the collected data about award-based crowd-funding,the author employs the learned legal knowledge to analyze legal risks of parties of Gui Yang Crowd-funding Finance Exchange.Finally,the prevention suggestions of legal risks are proposed to better promote the development of award-based crowd-funding of Gui Yang Crowd-funding Finance Exchange.The paper consists of the following four parts:The introduction consists of reason of topic and practical significance.Firstly,the paper discusses the reason of choosing topic from the perspective of reality,feasibility and necessity.The research significance is analyzed from legislation and theoretical sense.Thirdly,the concept and characteristics of award-based crowd-funding are discussed.The first chapter gives a general introduction of research,including the reason of choosing Gui Yang Crowd-funding Finance Exchange,the processes and involved parties of award-based crowd-funding,research method,research purpose and process.The second chapter investigates and analyzes the data and information of award-based crowd-funding of Gui Yang Crowd-funding Finance Exchange in the first part.Based on the collected data,the paper analyzes the legal relationships between involved parties of award-based crowd-funding,and then reveals the existent legal risk of involved parties in the second part.The third chapter is the summary of the whole research and draws the research conclusion in the first part.The second part aims to put forward the prevention suggestions of legal risk according to legal risks of involved parties of award-based crowd-funding of Gui Yang Crowd-funding Finance Exchange.