# Compliance Options

CapSign supports multiple securities exemptions with built-in compliance modules.

## Regulation D

### 506(b) - Private Placement

**Overview:**

* Up to 35 non-accredited investors
* Unlimited accredited investors
* No general solicitation or advertising
* Relationship-based fundraising

**Compliance Modules:**

* KYC verification
* Document signing (subscription agreement)
* Investor limits (max 99 total investors typically)
* Optional accreditation checking

**Best for:**

* Friends and family rounds
* Angel investor raises
* Relationship-based capital raising

### 506(c) - General Solicitation

**Overview:**

* Accredited investors only
* General solicitation allowed
* Can advertise publicly
* Must verify accreditation

**Compliance Modules:**

* KYC verification (required)
* Accreditation verification (required)
* Document signing

**Best for:**

* Demo days
* Public pitch events
* Online marketing campaigns

## Regulation S

**Overview:**

* Non-US investors only
* Offshore offerings
* No US registration required

**Compliance Modules:**

* KYC verification
* Jurisdiction checking
* Document signing

**Best for:**

* International investors
* Global fundraises
* Non-US targeted offerings

## Regulation A+

**Overview:**

* Up to $75M per year
* Tier 1 (<$20M) or Tier 2 ($20-75M)
* Mini-IPO alternative
* SEC qualification required

**Compliance Modules:**

* KYC verification
* Investment limits (Tier 2 non-accredited: 10% of annual income or net worth)
* Document signing

**Best for:**

* Larger raises ($5M+)
* Public-style offerings
* Eventual listing plans

## Choosing the Right Exemption

Consider:

1. **Investor type** - Accredited vs non-accredited
2. **Marketing ability** - Can you advertise?
3. **Raise size** - How much capital?
4. **Geography** - US vs international investors
5. **Investor count** - How many investors?

**Consult a securities attorney** before choosing.

## See Also

* [Creating an Offering](https://capsign.gitbook.io/capsign/offerings/creating-an-offering)
* [Offering Architecture](https://capsign.gitbook.io/capsign/protocol-developers/offerings)
