The Texas Business Opportunity Exemption Notice Update is an official document issued by the Secretary of State of Texas to provide exemption from certain filing requirements for business opportunities, which are defined as investment contracts in which the investor has the right to receive profits from the investment. This document provides information on the exemption, including the types of business opportunities that qualify, the requirements that must be met to be exempt, and the consequences for failing to meet the exemption requirements. There are two types of Texas Business Opportunity Exemption Notice Update: the Notice of Exemption and the Notice of Exemption Supplement. The Notice of Exemption is issued to businesses that qualify for an exemption from the filing requirements, and the Notice of Exemption Supplement is issued to businesses that have previously filed a Notice of Exemption and are requesting additional information or a change to their exemption status.