Real ChatGPT answer · index seed1H8eFvKV4uocompleteLegal · business lawhowto

What SEC exemptions should we use when selling small business shares to local investors without a massive legal bill?

ChatGPTgpt-65 queries11/1/2026
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Fan-out diagram

The searches the AI actually ran for this prompt.

SEED QUERY
What SEC exemptions should we use when selling small business shares to local investors without a massive legal bill?
5 real searches · 1 real-search pass
SEC small business capital raising exemptions Rule 506(b) Rule 504 Regulation Crowdfunding intrastate offering Rule 147A official SECGoogle ↗
OBSERVEDReason
SEC Rule 506(b) 35 non accredited investors disclosure requirements Form D state notice filings officialGoogle ↗
OBSERVEDConsequence
SEC Regulation D Rule 506(b) 506(c) Rule 504 official SEC small business capital raising exemptionsGoogle ↗
OBSERVEDReason
SEC intrastate offering exemption Rule 147 147A official SEC small businessGoogle ↗
OBSERVEDDefinition
SEC Regulation Crowdfunding current $5 million official SECGoogle ↗
OBSERVEDConsequence

Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.

Query classes

Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.

ChatGPT real searches (5)
Short factOther / navigationalComparisonConsequence40%Reason40%Definition20%InstructionYes / no

Classes come from the query-classifier (a local Laya model). 5 of 5 calls are low-confidence (under 50%) — hover a query in the table to see its confidence.

Searches and sources

ChatGPT5 real searches · gpt-6
SEC small business capital raising exemptions Rule 506(b) Rule 504 Regulation Crowdfunding intrastate offering Rule 147A official SEC Google ↗
SEC Rule 506(b) 35 non accredited investors disclosure requirements Form D state notice filings official Google ↗
SEC Regulation D Rule 506(b) 506(c) Rule 504 official SEC small business capital raising exemptions Google ↗
SEC intrastate offering exemption Rule 147 147A official SEC small business Google ↗
SEC Regulation Crowdfunding current $5 million official SEC Google ↗

Queries

5 queries · click a column to sort
Query / typeSearchIntentQuery classRouting formatClusterFreq ↓Weight
SEC small business capital raising exemptions Rule 506(b) Rule 504 Regulation Crowdfunding intrastate offering Rule 147A official SEC
OBSERVED
Google ↗
AI Mode ↗
—Reason——1x
of 1
SEC Rule 506(b) 35 non accredited investors disclosure requirements Form D state notice filings official
OBSERVED
Google ↗
AI Mode ↗
—Consequence——1x
of 1
SEC Regulation D Rule 506(b) 506(c) Rule 504 official SEC small business capital raising exemptions
OBSERVED
Google ↗
AI Mode ↗
—Reason——1x
of 1
SEC intrastate offering exemption Rule 147 147A official SEC small business
OBSERVED
Google ↗
AI Mode ↗
—Definition——1x
of 1
SEC Regulation Crowdfunding current $5 million official SEC
OBSERVED
Google ↗
AI Mode ↗
—Consequence——1x
of 1