1. Can anyone share their experience doing this?
Thanks in advance for the help!
The sale of securities is regulated by the SEC (on the national level) and by each State. You need to be very careful and not violate the laws and regulations.
In most situations those selling unregistered securities are prohibited from general solicitation (advertising).
From our experience, a good offer is one where the return is commensurate with the perceived risk.
Send me a PM if you want to discuss specifics.
There are several exemptions within the securities laws & regulations - which Exempt" the company from registering their securities with the SEC prior to sale. One of them is Regulation D section 506 (commonly called Reg D 506) which is what your CPA was describing. However, one must "file" a From D with the SEC. Most States also require the filing of this form If you exceed the 35 non-accredited limit - you cannot use this exemption.