Now, in Georgia and a growing number of states, so long as a company is planning to keep a securities offering local (with all investors –both accredited and non-accredited – coming from the same state in which the company is formed), a company can freely pitch an investment offering to anyone, as long as the members in the audience certify their state of residency (such as filling out a sign-in sheet prior to or at the beginning of the pitch event).
With only residency to vet, an intrastate offering is the least administratively taxing while offering companies the largest investor pool to choose from. A major win for any company in an intrastate friendly state.
One quick word of caution – the federal and local laws addressed above are complex and require strict adherence. In each case, there are basic filing prerequisites, among other things, that must be followed before a company can legally participate in a public pitch event under any of the mechanisms addressed above.
We can help you assemble a securities offering best suited to fit your company’s needs.
If you are interested in more detail related to your specific situation it is best to speak with an attorney. Schedule a consultation with a Founders Legal Intellectual Property attorney