Because your business will be raising $1 million or less and selling to no more than 20 non-accredited investors in this state, you may wish to consider using Washington’s Small Offering Exemption (Rule 504) due to its limited requirements. Under this exemption, you may sell to an unlimited number of accredited investors and non-accredited investors who are not residents of this state as long as your offering remains private You may learn more about the Small Offering Exemption by consulting the Small Offering Exemption section of our Offering Options publication.