b'Chapter 7Overview of Securities ExemptionsYou have many choices about which securities exemptions to follow. Dont try to memorize all the different rules for each exemption described below. Instead, use the rules to rule out those that arent appropriate.To begin with, you need an idea of the type of exemptions that are available so you can figure out how to use them to your advantage. The statedregulatoryobjectiveoftheseexemptionsistofacilitatecapital formation by private partiesmost of the people using these exemptions are real estate entrepreneurs, small businesses, or startups, just like yours.The appropriate exemption can generally be determined by answering the following questions:1.What are you buying with investor funds?2.What does it cost?Will you get a loan for a portion of the purchase price? 3.Where is it?4.Where do your investors live? Are they in one state, multiple states, or international? 5.How much money do you need to raise? 6.What are the financial qualifications of your investors? 7.How soon do you need the money?Is there a closing or project deadline, or can you take your time? 38'