Obtaining Financing for your Business

Raising money for a business invariably involves selling a security in exchange for money unless commercial lines of debt are utilized such as bank lending, other similar lending, or vendor financing. If a security is sold by the issuer company, applicable securities laws must be complied with both at the state and federal levels. Federal securities laws are primarily embodied in the Securities Act of 1933 (the "Securities Act"). State securities laws are generally set out in what is commonly known as "Blue Sky" laws. The Texas Securities laws are found in the Texas Securities Act (the "Texas Act").

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