Compliance · Blue Sky Filings
After you file Form D with the SEC, most states require a separate “blue sky” notice filing for each state where you have LPs. Archstone maps your LP locations to state requirements automatically — deadlines, fees, filing instructions, and exemptions — so nothing slips through.
Start your free trialYou just closed your fund. You filed Form D with the SEC. You think you're done. Then your attorney sends you a memo: under NSMIA, states can't block your Rule 506 offering, but 48 of 50 states still require a notice filing and a fee. If you have an LP in California, you have 10 business days to file. New York charges $300 plus 0.1% of your offering amount (minimum $1,200). Pennsylvania wants $500. Vermont wants $600. Miss a deadline and you're looking at late fees, penalties, or worse — a compliance issue that shows up in your next audit.
Most emerging GPs learn about blue sky filings the hard way. Their attorney charges $3,000-$10,000 to research which states need filings, calculate fees, and handle submissions. For a $10M fund with LPs across 15 states, that's a meaningful chunk of your operating budget — for what amounts to a lookup table and some calendar math.
Archstone already knows where your LPs are. It maps each LP's state to the corresponding blue sky requirement — whether a filing is needed, the deadline (typically 15 days from first sale), the fee, and the specific state agency. When you add a new LP in a new state, the required filing appears automatically. Add it to your compliance calendar with one click.
Archstone reads your LP directory and identifies which states require blue sky filings based on LP locations. When you add a new LP in a new state, the filing requirement surfaces immediately. No research needed.
Every state's Reg D notice filing requirements are mapped — including the two states that don't require filings (Florida and Wyoming). Each entry includes the filing deadline, approximate fee, the state agency to file with, and any state-specific notes.
Most states require filing within 15 days of the first sale to a resident of that state. Archstone computes deadlines from your closing date and adds them to your compliance calendar. Get reminded 7, 3, and 1 day before each deadline.
See the total cost of your blue sky filings at a glance. Filing fees range from $100 (Illinois, Ohio) to $1,200+ (New York). Archstone totals fees across all required states so you can budget accurately — no surprises.
Add individual filings or all required filings to your Archstone compliance calendar with one click. Each item will include the state, deadline, fee, and filing instructions — everything you need to complete the submission.
Archstone uses your fund's domicile state to apply the correct regulatory framework. Delaware LP, California GP, LPs in 20 states? The system understands the structure and surfaces only the filings that apply.
File with the NY Attorney General. Fee is $300 plus 0.1% of the offering amount, with a $1,200 minimum. One of the most expensive state filings — and the most commonly missed by first-time GPs who assume SEC Form D covers everything.
File with the California DFPI. Note the shorter deadline: 10 business days, not 15 calendar days. Fee scales with offering size. California has more VC-backed LPs than any other state, so nearly every fund needs this filing.
Florida is one of only two states (along with Wyoming) that does not require a notice filing for Rule 506 offerings. If all your LPs are in Florida, you're done after Form D. Archstone knows this and won't create unnecessary compliance items.
Archstone identifies which states require filings, computes deadlines and fees, and tracks completion status. The actual filing submission is still done by you or your attorney through each state's portal. We give you everything you need to file — the state agency, deadline, fee, and instructions — so the process takes minutes instead of hours of research.
When you add an LP with a new state address, Archstone immediately checks the blue sky requirements for that state. If a filing is required, it creates a compliance item with the deadline calculated from the sale date. You'll see it in your compliance dashboard and can add it to your calendar with one click.
Fee amounts are approximate and based on current state schedules. Some states like New York charge a percentage of the offering amount, so the actual fee depends on your fund size. Archstone provides the fee formula and an estimate to help you budget. Always verify the exact amount on the state's filing portal before submitting payment.
Yes. Blue sky notice filing requirements apply to both Rule 506(b) and 506(c) offerings. Under NSMIA, these are “covered securities,” meaning states cannot impose substantive review requirements but can require notice filings and fees. Archstone covers both exemptions.
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