Frequently Asked Questions

Invest Local Florida is StateCF's marketplace for Florida companies raising capital from Florida residents under Chapter 517, Florida Statutes: the Invest Local Exemption (§ 517.0612) and the Florida Limited Offering Exemption (§ 517.0611). StateCF is the OFR-registered intermediary that runs the portal and keeps the record.

Florida residents only. Every investor confirms residency and completes investor education before subscribing. A non-resident purchaser would defeat the exemption for the whole offering.

Under § 517.0612 a non-accredited Florida resident may invest up to $10,000 in a 12-month period, measured across all Florida portals. Accredited Florida residents are not subject to that cap. You certify your bracket at checkout.

To the Florida bank or depository named in the issuer's disclosure, never to StateCF. Funds stay there until the issuer's target is met, then move by ACH to the company. If the offering does not close, the depository returns the funds.

Yes. You can cancel any time before your payment is received, and for 3 days after it is (§ 517.0612(12)). StateCF emails you the deadline. If the issuer makes a material change you are asked to reconfirm.

Common stock, preferred stock, and debt. The share class and its rights are described in each issuer's offering statement. Read it before you subscribe.

Add your assets and subtract your liabilities, excluding the value of your primary residence. Spouses may calculate jointly only as the statute allows.

You can lose the entire amount you invest. Private-company shares are illiquid, may have no market, can be diluted, and ongoing reporting may be limited. Read the Investor Education document and each issuer's risk factors.

No. StateCF is an intermediary. It does not recommend securities, give investment advice, solicit investors, or vouch for any issuer. Every offering is made by the issuer on its own behalf.

A Florida company opens a company account, completes the capital-readiness application, prepares its tombstone and presentation room, files its notice with OFR through REAL, and is reviewed by StateCF for antifraud and Chapter 517 fit before anything is published.

Facts about the company and the offering terms, that it is listed on the portal, that its deposit account is inside ten days of a possible close, or that the offering closed. Every announcement must state that the offer is limited to Florida residents.

Resale is typically limited to other Florida residents and may be contractually restricted. Be prepared to hold indefinitely.