State offering resources — educational, not legal advice

Securities sold under Rule 506 are covered securities, so states generally cannot impose their own registration. What they can still require is a notice filing and a fee, usually a copy of the federal Form D, and they retain their antifraud authority in full.

Most states take that notice through NASAA's electronic filing system. Which states, when, and at what fee depends on where your purchasers are — which is a question about your investor list, so it is answered late in the process and often more than once.

A Tier 2 Regulation A offering preempts state registration for qualified purchasers, but states may still require notice filings. A Tier 1 offering does not get that preemption and is reviewed by the states where you offer — which is where the coordinated review process and the blue-sky budget come in.

Rule 147A is a federal safe harbour for an intrastate offering. It permits offers to be seen outside the state, and it permits sales only to residents of the issuer's own state. It does not itself register anything: the offering relies on the state's own exemption, and in Florida that is where section 517.0611 comes in, with the issuer's own notice to the OFR.

Section 517.0612, Invest Local, is different again: it requires a registered intermediary. That is StateCF, not this software.