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AhaBulb: Stuff Everyone Should Know · ahabulb.com/founder-friends-family-securities

Does calling a sale a friends-and-family round create a securities exemption?

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  1. Yes, for relatives only
  2. No, the label creates no exemption
  3. Yes, below any dollar amount

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References

  1. Early-Stage Investors www.sec.gov/resources-small-businesses/capital-raising-building-blocks/early-stage-investors Checked 2026-10-11.

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