Reg D Offerings in Texas: What Houston Founders Need to Know Before Raising Capital
- The Spencer Law Firm
- Jan 23
- 1 min read

Is Reg D legal in Texas?
Yes. Reg D offerings are legal in Texas, but founders must comply with both federal rules and Texas notice filing requirements to maintain the exemption.
What Is a Reg D Offering (And What It Is Not)?
Regulation D is a set of federal exemptions under the Securities Act of 1933 administered by the U.S. Securities and Exchange Commission.
Here’s the part most founders miss:
Reg D does not eliminate securities laws.It just changes which rules apply.
You’re still selling securities. You’re still making representations to investors. And you’re still accountable if those representations are misleading.
A quick real-world example
A Houston SaaS founder once told me, “We didn’t think it counted as securities—it was just SAFE notes.”That misunderstanding alone triggered a six-figure cleanup.




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