Currently, under the JOBS Act and SEC regulations, offerings up to $5 million are exempt from registration requirements but still subject to state blue sky laws (although there are still strict requirements imposed). A second tier of offerings up to $50 million would be exempt from both registration and state blue sky laws under proposed SEC rules.
You’ll find my two latest books available on Amazon:
- Smooth Failing: Top industry leaders share their secrets for turning pain into profit, The Living Edition (which grows as new chapters are added at no cost)
- J.K. Lasser’s Guide to Self-Employment: Taxes, Tips, and Money-Saving Strategies for Schedule C Filers .
