The Study Of Equity-based Crowdfunding Platform’s Legal Risk And Management Mechanism

“Internet +” plays an important role in the promotion of innovation and transformation of China’s financial industry, and also bring new power for our country’s financial development. Being one of the Internet Financial pattern, Equity-based Crowdfunding has outstanding characteristics of Inclusive Finance, as it opens the equity financing door for the common public. But the current lawrestricts the development of Equity-based Crowdfunding, it is easy to violate the crime of illegal fund-raising. The legal risk of Equity-based Crowdfunding platformis is obvious.The article introduces the background, significance, purpose and innovation of this study to highlight the importance of this study at first. Secondly, the Crowdfunding theory, the theory of corporate legal risks are reviewed, and rise research question based on the lack of existing research. Finally, build Crowdfunding platformis operation legal risk management and control mechanisms based on the sample cases’ operational practices.This article combines the related research of the enterprise legal risk and the raised platform operation mode, combining with the preliminary research results of single platform, and puts forward theoretical framework for the stake in the raised platform risk identification. Then taking Dongjia, Mayidake; 36 kr, Niutou; Dajiatou and Renrentou as the research cases, Using the method of case study, through model contrast, establishing interpretation, to discuss the legal risk of the raised platform type, source and how to build for its control mechanism. This study finding platform with dimension characteristics of legal risk. Operation process, management core elements will affect the legal risk level of the platform. According to the above two dimensions analysis of platform operation mode, the paper found that the process of financing mainly faces the illegal civil and civil legal risk, the imperfect internal mechanism is the main causes of legal risks of the process dimension. Platform core management factors will also affect the legal risks, but the radiating surface is wide, and the legal risk is not formed by has the characteristics of obvious category. The legal risk prevention and control quality of the administrative officer, the lack of advanced legal risk prevention technology and shortage of resources in legal risk prevention and control are the cause of legal risk management dimension. And on the basis of the dimension for risk identification, we refined the mechanism of how to action of platform risk. To balance stakeholders, especially take the prevention of the investor protection as a premise, from improving the core management elements, perfect the internal business process of the platform, to build a scientific, systematically private equity the raised platform of the legal risk control system, solving the problems of scattered management of legal risk within private-equity platform. This paper will provide a theoretical basis and guidance for Crowdfunding platformis’ operations, reduce their legal risk levels, thereby reduce the possibility of potential legal risks into the actual loss. Promoting the healthy development of the Internet financial power of the capital market to support the real economy.