You Might Be Surprised By Who Counts (And Who Doesn’t) In California

Many issuers continue to rely on California’s limited offering exemption to avoid the necessity of qualifying the offer and sale of their securities.¬† The exemption, found in Corporations Code Section 25102(f), requires that sales be made to not more than 35 persons. ¬†Thus, it is important to know who counts and who doesn’t. Many out