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Los Angeles, CA

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Blue Sky Law

Blue Sky Law refers to the securities law of the individual states. Similar to the SEC which oversees the federal securities law of the United States, each individual state has their own regulatory agency with their own rules and regulations regarding the offering, issuance, and transfer of a startup’s securities.

Blue sky law is important as most startups only consider the federal securities laws (SEC) when offering and/or selling their securities to angel investors.