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Instructions for Form DFPI-25102(N) Limited Offering Exemption Notice Packet Corporations Code Section 25102(N) - California

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Form DFPI-25102(N) First Notice of Transaction Pursuant to Corporations Code Section 25102(N) - California

This document contains official instructions for Form DFPI-25102(N) , Limited Offering Exemption Notice Packet Corporations Code Section 25102(N) - a form released and collected by the California Department of Financial Protection and Innovation. An up-to-date fillable Form DFPI-25102(N) is available for download through this link.

FAQ

Q: What is Form DFPI-25102(N)?A: Form DFPI-25102(N) is a notice packet for claiming the Limited Offering Exemption under Corporations Code Section 25102(N) in California.

Q: What is the Limited Offering Exemption under Corporations Code Section 25102(N)?A: The Limited Offering Exemption under Corporations Code Section 25102(N) is an exemption that allows certain corporations in California to offer and sell securities without having to register them with the California Department of Financial Protection and Innovation (DFPI).

Q: Who can use the Limited Offering Exemption?A: Certain corporations in California that meet the requirements of Corporations Code Section 25102(N) can use the Limited Offering Exemption.

Q: What are the requirements for claiming the Limited Offering Exemption?A: To claim the Limited Offering Exemption, the corporation must only offer and sell securities to specified types of purchasers, must not use any general solicitation or advertising to promote the offering, and must comply with certain other conditions stated in Corporations Code Section 25102(N).

Q: What is included in the Form DFPI-25102(N) notice packet?A: The Form DFPI-25102(N) notice packet includes the necessary forms and instructions for claiming the Limited Offering Exemption, as well as other relevant information.

Q: Is there a fee for filing the Form DFPI-25102(N) notice packet?A: As of the last update, there is no fee for filing the Form DFPI-25102(N) notice packet.

Q: What happens after filing the Form DFPI-25102(N) notice packet?A: After filing the Form DFPI-25102(N) notice packet, the corporation will receive confirmation from the California Department of Financial Protection and Innovation (DFPI) regarding the exemption claim.

Q: Are there any ongoing reporting requirements or obligations after claiming the Limited Offering Exemption?A: Yes, there are ongoing reporting requirements and obligations that the corporation must fulfill after claiming the Limited Offering Exemption. These requirements are outlined in Corporations Code Section 25102(N) and the instructions provided with the Form DFPI-25102(N) notice packet.

Instruction Details:

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