Reg A+ Blue Sky State Filing Fees
In the U.S., securities laws are regulated by federal and state governments. There are many similarities between Blue Sky Laws, however there are specific requirements that vary by state in regards to the required fee, as well as how securities may be registered. Even though Tier 2 filings are pre-empted from State registration per SEC rules, the SEC has declared that States have the authority to require Notice filings and state fees.
The Blue Sky state filing fees for Regulation A+ offerings can be found in the table below. Due to the number of nuanced requirements and complexity of fee computations, for specific questions, please consult Colonial Stock Transfer to help process your filings. Our blue sky services team can help you from start to finish. Also, see a full list of Regulation D 506 Blue Sky Fees
Regulation A Blue Sky Fees
State | When to File | Tier 1 Filing Fees | Tier 2 Filing Fees |
Alabama |
At least 1 business day prior to first sale |
$40 filing fee + registration fee of 1/10 of 1% of the maximum offering amount |
$40
filing fee + registration fee of 1/10 of 1% of the maximum offering amount |
Alaska |
Tier 1: 21 Days prior to first sale |
$600 (for 1 year) |
No fees |
Arizona |
Tier 1: 21 Days prior to first sale |
1/10
of 1% of the maximum offering amount |
No fees |
Arkansas |
No later than 15 days after first sale |
1/10
of 1% of the maximum offering amount |
$100 |
California |
Prior to first sale |
$200
+ 1/5 of 1% of the maximum offering amount |
$600 |
Colorado |
$200
+ 1/5 of 1% of the maximum offering amount |
$200 |
|
Connecticut |
1/10
of 1% of the maximum offering amount |
No fee |
|
Delaware |
Prior to first sale |
.5% of maximum aggregate offering. Minimum fee: $200, Maximum fee: $1000 |
.5% of maximum aggregate offering. Minimum fee: $200, Maximum fee: $1000 |
District of Columbia |
1/10
of 1% of the maximum offering amount |
||
Florida |
$1,000 |
No fee |
|
Georgia |
Prior to first sale |
No fee |
No fee |
Hawaii |
1/10
of 1% of the maximum offering amount |
||
Idaho |
$300 |
$50 |
|
Illinois |
$400 |
||
Indiana |
21 Days prior to first sale |
$500 |
No fee |
Iowa |
At least 21 Days Prior to first sale |
1/10 of 1% of offaering amt. Minimum: $50, Maximum: $1000 |
$400 |
Kansas |
1/20 of 1%, minimum: $100, maximum: $1500. |
No fee |
|
Kentucky |
15 Days prior to first sale |
$125
examination fee + .06% of the maximum offering amount. Minimum: $60 |
$250 |
Louisiana |
15 days prior to first sale |
$250
examination fee + 1/10 of 1% the maximum offering amount |
$250
examination fee + 1/10 of 1% the maximum offering amount. |
Maine |
21 days prior to first sale |
1000 |
$1,000 |
Maryland |
21 Calendar days prior to first sale |
.01%
of the maximum offering amount |
$100 |
Massachusetts |
2 business days prior to first sale |
1/20
of 1% of the maximum offering amount |
Total
Amount of Offering Filing Fee |
Michigan |
10 Business days prior to first sale |
1/10
of 1% of the maximum offering amount |
$100 |
Minnesota |
10 Business days prior to first sale |
300 |
No fee |
Mississippi |
Within 15 Days of first sale |
1/10
of 1% of the amt registered, minimum |
$300 |
Missouri |
Tier 1 review must be complete prior to first sale Tier 2: N/A |
|
No fee |
Montana |
$200
+ 1/10 of 1% of the maximum offering amount for any amount over $100,000 |
||
Nebraska |
At least 1 business day prior to the first sale or offering of securities in state |
1/10
of 1% of the maximum offering amount |
200 |
Nevada |
Prior to first sale |
.2%
of the maximum offering amount |
No fee |
New Hampshire |
Prior to the sale |
$200
exam fee + 2/10 of 1% of the maximum offering amount + |
$200
exam fee + 2/10 of 1% of the maximum offering amount + |
New Jersey |
Tier
1: Completed registration prior to first sale |
$3,000 |
No fee |
New Mexico |
Due within 15 days of first sale |
1/10
of 1% of the maximum aggregate price of registered securites offered |
$350 |
New York |
21 days prior to SEC qualification |
M-11
if the offering is less than $500,000, the fee is $300. If the total offering amount is $500,000
or more, the fee is $1,200. |
$300 if aggregate offering is <$500,000, $1200 if offering is >$500,000 |
North Carolina |
$2000 *for tier 1 filings |
||
North Dakota |
Prior to offering in state |
Filing Fee: 1/10 of 1% of the aggregate amount of each security or class of security to be registered but not more than $2,500.00 with a minimum of $150.00 for each security or class of security to be registered. |
1/10
of 1% of the aggregate amt of each security or class. |
Ohio |
15 days prior to first sale in state |
$100
+ 1/10 of 1% (minimum $100) |
|
Oklahoma |
Prior to first sale |
$200
examination fee + 1/10 of 1% of the maximum offering amount |
$250 |
Oregon |
Prior to first sale |
1/10
of 1% of the maximum offering amount |
$200 |
Pennsylvania |
Prior to the first sale |
$500 + 1/20 of 1% of max aggregate offering price, up to maximum of $3000 |
No fee |
Rhode Island |
1/10
of 1% of the maximum offering amount |
1/10
of 1% of the maximum offering amount |
|
South Carolina |
21 calendar days prior to first sale |
$500 |
$500 |
South Dakota |
21 calendar days prior to first sale |
$1 per $1000 being offered, minimum: $100, Max: $2000 |
$250 |
Tennessee |
21 days prior to first sale |
1/10
of 1% of the maximum offering amount |
$500 |
Texas |
N/A |
$70 + 1/10 of 1% of the aggreagate amt of offering |
$70 + 1/10 of 1% of the aggreagate amt of offering |
US Virgin Islands |
15 days prior to first sale |
1/20 of one percent of the aggregate amount of securities that will be registered in the Virgin Islands. (Minimum $1000, Maximum $3000) |
$1,000 |
Utah |
No later than 15 days after the first sale |
$300 |
$100 |
Vermont |
15 days prior to first sale |
Notice filing fee of $2,000.00 and an annual renewal fee of $1,500.00 |
$600 per class/type of security |
Virginia |
21 calendar days prior to first sale |
1/10 of 1% of offering amt, minimum: $250, maximum: $500 |
$500 initial. $250 annual renewal |
Washington |
21 calendar days prior to first sale |
$100 for first $100,000 + 1/40 of 1% for amt over $100,000 offering amt |
$100 for first $100,000 + 1/40 of 1% for amt over $100,000 offering amt |
West Virginia |
15 days prior to first sale |
1/16th of 1% of securities, minimum $60 |
|
Wisconsin |
Prior to the initial offer and/or sale |
$1,500 |
200 initial. $200 extension |
Wyoming |
Prior to first sale |
$200 |
*State filing fees may be changed without notice. Please check with each state regulator for specific requirements and variables.
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