Regulation D Rule 506(b)
The key differences between Rule 506(b) and Rule 506(c) are that in (b)
1. You cannot advertise.
2. You must have a prior relationship with the investor before you can speak to them and provide them with your Offering Memorandum.
3. You can accept up to 35 non-accredited investors and an unlimited number of accredited investors. However, you should note that when filing your Form D you will be asked if you will be accepting money from non-accredited persons and if "yes" you offering will receive closer scrutiny. See Rule 506(c) Offerings explanation for differences.
Shields Capital Partners
3606 Enterprise Avenue
Naples, FL 34104
Hours: (M - F 10:30am - 6:00pm Eastern)
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