An updated state securities statute goes into effect on Jan. 1 that repeals and replaces the current New Hampshire Uniform Securities Act and promises to modernize and simplify the capital-raising process for early-stage companies and other small- and medium-sized businesses.
The new law represents an attempt to harmonize New Hampshire securities law with the securities law of various other states.
A central principle of both federal and state securities law requires a company that offers and sells its securities to investors to either register the transaction or find and comply with an available exemption from the registration requirements. This registration process can be difficult and expensive. Especially for an early-stage company.
If you have questions on how this new law will affect your organization, we may be able to help.
For more information on the new law go to:http://www.nhbr.com/October-30-2015/NHs-Uniform-Securities-Act/