The Maryland Limited Offering Exemption Under Maryland Securities Act is a state exemption offered to companies to allow for the sale of securities without having to register them with the Maryland Securities Commissioner. This exemption is designed to help small businesses in the state of Maryland raise capital by allowing them to offer limited amounts of securities to investors. This exemption is also beneficial for investors as it provides them with an alternative to more risky investments. Under this exemption, companies are allowed to offer up to $1,000,000 in securities over a 12-month period to an unlimited number of Maryland residents. Companies must provide investors with a disclosure document that includes information about the company and the securities it is offering. Companies must also file a notice of intent to use the exemption with the Maryland Securities Commissioner and provide the commissioner with copies of the disclosure document. The Maryland Limited Offering Exemption Under Maryland Securities Act comes in two types: the Accredited Investor Exemption and the Qualified Purchaser Exemption. The Accredited Investor Exemption allows companies to offer securities to accredited investors, which are individuals with a net worth of at least $1 million or an annual income of at least $200,000. The Qualified Purchaser Exemption allows companies to offer securities to individuals who meet certain financial thresholds.