Updated

In this video, Entrepreneur Network partner Mark J. Kohler -- author of best-selling title The Tax and Legal Playbook -- goes over successful crowdfunding strategies.

There are four rules that you must comply with as a business owner in order to crowdfund. Working with an SEC-approved portal, collecting the right formation and disclosure documents, supplying detailed expansions of the disclosure documents and ongoing compliance are the necessary steps to successful crowdfunding, Kohler says.

Diving into each of these areas, Kohler goes over the specific documents and help that you'll need in order to comply. He also explains the types of investors who can donate to a fund, which he separates into two categories.

Click play to learn how you can start your own crowdfunding campaign.

More From Entrepreneur.com

Watch more informative videos from Mark J. Kohler on his YouTube channel.

Related: The Truth About Saving Your Receipts

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical and provides partners with distribution on Entrepreneur.com as well as our apps on Amazon Fire, Roku and Apple TV.

Click here to become a part of this growing video network.