Most private, midsize-business, noninvestment company offers of securities are exempt from the registration requirements.

Midsize-Business

A company that occupies the middle ground in terms of its size and revenue, between small businesses and large corporations.

Registration Requirements

Legal or regulatory mandates that entities must fulfill to register a product, business, or activity with the relevant authorities.

Noninvestment Company

A company whose primary business involves activities other than investing, reinvesting, owning, holding, or trading in securities.