Listen in on this Private Money Minute as Jillian Sidoti explains what an Intrastate Offering is and where you should do it.
"This week on the Private Money Minute, we're gonna talk about intrastate offerings and what they are, and we're gonna do that right now. An intrastate offerings is a securities offering that is offered in just one state. Now, it doesn't necessarily mean all the business has to be in one state, but you know what does have to be all in that one state, is all the investors. This is afforded under a federal exemption under 3a11, Rule 147A. But, don't, you don't need to know that. What you do need to know is that it's exempt from federal securities laws, but it's not exempt from state securities laws. So, what do you have to do? You have to go and register that security in the one state where you're raising money. Again, all your investors have to be in that state in order to raise money. Now, what states are good for this? Well, I'll tell you right now, it doesn't work in New England states. Those states are too small and people tend to move in and out of New England states. The states you really wanna do an intrastate offering are states like California or Texas. States that are big and have really friendly securities laws. I'm Jillian Sidoti, and this has been the Private Money Minute".
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