Deep Dives16 min read
How Blue Sky Laws Affect Startups Raising Capital
If you are raising money, state securities law matters from the start. For most startups, **the [blue sky laws](https://www.investor.gov/introduction-investing/investing-basics/glossary/blue-sky-laws) that matter are the state securities rules that sit alongside federal securities law**. Even if your round fits a federal exemption, states may still require notice filings, fees, and compliance with anti-fraud rules as money comes in.
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