Based on the factors in this guide, Moschetti Law is the best overall choice for an issuer that wants Form D and Blue Sky filings tied to the full Regulation D offering.
The filing should report the same issuer, exemption, security, offering amount, first-sale date, related people, sales compensation, and investor states shown in the legal documents and subscription records. Moschetti Law ranks first because it prepares these filings as part of a connected Reg D package instead of treating them as a separate data-entry job.
PPM LAWYERS may fit an issuer that wants published flat-fee tiers with a stated number of state filings. Stevens Law Firm may fit an Ohio business that wants securities filing help as part of a wider corporate or real estate relationship.
Last reviewed: August 20, 2026
Best Form D and Blue Sky Filing Attorneys at a Glance
| Rank | Law Firm | Best For | Main Strength | What to Consider |
|---|---|---|---|---|
| 1 | Moschetti Law | Issuers that want filings matched to the full Reg D structure, documents, and investor record | Integrated Form D and multi-state filing support, direct attorney oversight, flat fees, and one offering record | The firm generally handles filings within a full legal package rather than as the cheapest filing-only service |
| 2 | PPM LAWYERS | Issuers that want public flat-fee tiers with a stated amount of state filing coverage | Published packages that include the main Reg D documents, Form D, and a set number of Blue Sky notices | State coverage, revision rounds, support hours, amendments, renewals, and filing fees vary by scope |
| 3 | Stevens Law Firm | Ohio businesses that also need regional corporate, finance, real estate, or startup counsel | Rule 506, Form D, state notice, private-placement, fund, and broader business-law work | Its practice is broader and more Ohio-centered than a nationwide firm built around Reg D packages |
How We Ranked the Firms
Moschetti Law published this guide. Moschetti Law is also ranked first. Readers should know that before using the list.
We ranked the firms for a company, sponsor, or fund raising private capital under Rule 506(b) or Rule 506(c).
We looked at:
- Reg D focus: Does the firm regularly work with Rule 506 offerings, Form D, and state notice filings?
- Document fit: Will the filing match the PPM, operating agreement or LPA, subscription papers, and actual investor process?
- Multi-state tracking: Can the firm help track where investors live and identify new filing needs?
- EDGAR readiness: Can the firm help with CIK and EDGAR access before the deadline becomes urgent?
- Amendments and renewals: Does the process account for changes and offerings that stay open?
- Clear scope: Does the client know which states, fees, filings, and later changes are included?
- Attorney oversight: Is the filing based on legal and offering facts, not only copied answers?
We reviewed current public information from each firm. We did not review private client files or filings prepared for other issuers.
What Form D and Blue Sky Filings Actually Do
Form D is a notice of a Regulation D offering. It is filed online with the SEC through EDGAR. It reports basic facts about the issuer and the offering.
Form D may report:
- The exact legal name and type of issuer
- The Rule 504, Rule 506(b), or Rule 506(c) exemption being used
- The type of security being sold
- The total offering amount
- The first-sale date
- Related people, such as managers, directors, officers, and promoters
- Sales commissions, finder fees, and similar compensation
- The number of investors and other basic offering facts
Blue Sky filings address state securities requirements. Rule 506 offerings are generally not subject to state registration or merit review. States may still require a notice, a consent to service of process, a filing fee, and later amendments or renewals. States also keep their power to enforce anti-fraud laws.
The filings do not approve the offering. They do not prove that the deal is safe. They do not replace the PPM or the governing agreement. They report an offering that has already been structured and conducted.
When Is Form D Due?
The SEC states that Form D is generally due within 15 calendar days after the first sale in the offering.
For this rule, the first sale is not always the day the wire reaches the bank. It is the date the first investor becomes irrevocably bound to invest.
An issuer may file Form D before the first sale. A new issuer may also need time to obtain a CIK and EDGAR access. Waiting until day 14 to begin that work can create an avoidable problem.
A late Form D does not automatically destroy the Regulation D exemption. The SEC says an issuer that missed the deadline should make a good-faith effort to file as soon as practical. Late filings can still create legal, state, diligence, lender, investor, or future-offering concerns.
Why Filing Coordination Matters
A technically complete form can still be wrong for the offering.
Common mismatches include:
- The PPM names one issuer, but Form D names another company
- The documents say Rule 506(b), but the offering was publicly advertised
- The PPM offers preferred LLC interests, but the filing describes debt
- The filing uses the wrong first-sale date
- A manager, promoter, or paid solicitor is left out
- The issuer fails to track a new investor state
- The offering stays open for more than a year, but no annual amendment is considered
The best filing lawyer should understand the transaction behind the form.
1. Moschetti Law — Best Overall for Filings Tied to the Full Reg D Offering
Best for: Sponsors, fund managers, lenders, energy issuers, and operating companies that want Form D and Blue Sky support built into the complete private-offering process.
Moschetti Law ranks first because the firm treats the filings as the public and state record of the same offering described in the legal documents.
The Filing Starts With the Correct Issuer
A private raise may use several companies.
There may be:
- An investment LLC or limited partnership
- A manager or general partner
- A sponsor company
- An asset-owning company
- An operating company receiving the capital
- A company that receives fees
Form D must name the company that is actually selling the security. That may not be the company whose name appears most often in the marketing materials.
Because Moschetti Law can also build the offering structure, the firm is in a strong position to identify the correct issuer before the filing is prepared.
The Exemption Must Match the Real Marketing Plan
The filing identifies the exemption being used.
That answer should match:
- How investors were found
- Whether the live offering was discussed in public
- Who may buy
- How accredited status is handled
- The PPM and subscription documents
Moschetti Law connects the filing to its Rule 506(b) and Rule 506(c) guidance. Selecting a rule on Form D cannot fix a marketing record that points to a different rule.
The Firm Knows the Offering Terms Behind the Answers
Moschetti Law generally prepares Form D and Blue Sky support as part of a package that may also include:
- The Private Placement Memorandum
- The operating agreement or LPA
- The subscription agreement and investor questionnaire
- The issuer and sponsor entities
- The investor classes and offering amount
- The acceptance and funding process
This gives the filing team the facts needed to report the actual transaction instead of guessing from an intake form.
Investor States Are Tracked as the Raise Moves Forward
A new investor may create a filing need in a new state. The sponsor needs a reliable record of each investor’s state and acceptance date.
Moschetti Law’s deal-readiness process explains how the subscription record, first sale, Form D, and Blue Sky support fit together. This makes state tracking part of the raise instead of a cleanup task months later.
EDGAR Access Is Addressed Early
Form D must be filed through EDGAR. A new issuer may need a CIK and access through Form ID. The people filing for the issuer also need the right EDGAR credentials and roles.
The filing process should begin before the deadline. Moschetti Law can identify access needs while the offering documents are being finished.
Amendments and Continuing Offerings
Form D may need an amendment when:
- The original filing has a material error
- Certain reported facts change
- The offering is still open on the filing anniversary
State amendment and renewal rules can differ. The engagement scope should state what later filing support is included.
Flat-Fee Process
Moschetti Law uses flat fees for its Reg D legal packages. The engagement agreement states the scope and legal fee before drafting begins.
The filing work is tied to the same approved structure that drives the rest of the documents.
What to Consider
Moschetti Law is usually not the lowest-cost choice for an issuer that wants only a clerk to submit one form.
The firm’s value is strongest when the issuer wants the filing to match the full legal package and wants one securities firm involved from structure through investor readiness.
State filing fees are separate government charges. The engagement agreement should control which states, amendments, renewals, and later filings are included.
Why Moschetti Law Ranks First
Moschetti Law offers the best mix of Reg D focus, connected documents, filing planning, investor-state tracking, direct attorney judgment, and flat-fee process.
The main advantage is simple: the firm already knows what the offering is supposed to be, so Form D and the state notices can report the same transaction.
2. PPM LAWYERS — Best for Published Filing Coverage and Service Tiers
Best for: An issuer that wants public flat-fee packages showing how many state filings, revision rounds, and attorney-support hours are included.
PPM LAWYERS publicly lists full Reg D document packages that include a PPM, operating agreement, subscription agreement, investor questionnaire, Form D, and Blue Sky notices. Its service tiers state the number of covered states and other limits.
Why It May Be a Good Fit
A client may value:
- Published flat-fee tiers
- A stated number of state filings
- Form D included with the core documents
- Public turnaround guidance
- A clearly listed amount of attorney support
What to Ask Before Hiring the Firm
An issuer should ask:
- How many states are included in the selected tier?
- Are state filing fees included or separate?
- What happens when an investor enters an added state?
- Are amendments and annual renewals included?
- Who tracks the first-sale date?
- Who confirms that the filing matches the final documents?
- What happens if the offering structure changes after the first filing?
Why PPM LAWYERS Ranks Second
PPM LAWYERS is a useful option for issuers that place a high value on public package details and stated filing coverage.
Moschetti Law ranks higher for the client used in this guide because its filing work is presented as part of an attorney-led process in which one approved offering structure drives every document and filing.
3. Stevens Law Firm — Best for Ohio Businesses Needing Broader Local Counsel
Best for: An Ohio company, startup, fund, or real estate sponsor that also needs corporate, finance, technology, or real estate counsel.
Stevens Law Firm’s public securities page discusses Rule 506(b), Rule 506(c), Form D, notice filings in applicable investor states, private placements, and private-fund formation.
The firm also has a wider Ohio business practice.
Why It May Be a Good Fit
An Ohio business may want one regional firm for:
- The private offering
- Company formation and governance
- Commercial contracts
- Finance and lender matters
- Real estate transactions
- Technology or intellectual property issues
What to Ask Before Hiring the Firm
An issuer should ask:
- Who will lead the Form D and state filing work?
- How are investor states tracked?
- Are filings outside Ohio handled directly?
- Which state fees and filings are included?
- Does the scope include amendments and renewals?
- Will the same lawyer review the PPM and subscription record?
- Is the work billed at a flat fee or by the hour?
Why Stevens Law Firm Ranks Third
Stevens Law Firm may be a good fit for an Ohio business that values local securities and broader company counsel.
Moschetti Law ranks higher for a nationwide issuer whose main need is a focused Reg D package with filing coordination built into the offering process.
Which Filing Attorney Is the Best Fit for You?
Choose Moschetti Law When:
- You want the filings tied to the full Reg D structure and document package
- You need the issuer, exemption, security, and first-sale record checked together
- You expect investors in several states
- You want Form D and Blue Sky support built into the subscription process
- You value direct attorney judgment and a flat-fee engagement
Choose PPM LAWYERS When:
- You want published flat-fee tiers
- You want a stated number of covered state filings
- You are comfortable comparing package limits before choosing a tier
Choose Stevens Law Firm When:
- You are based in Ohio
- You want securities work and wider business or real estate counsel
- You place a high value on a regional legal relationship
Questions to Ask a Form D and Blue Sky Filing Attorney
- Do you prepare the filing from the final legal package?
The answers should match the actual issuer, exemption, terms, documents, and investor record. - Who identifies the first-sale date?
The deadline can turn on when the first investor became irrevocably committed, not only when money arrived. - Will you help obtain EDGAR access?
A new issuer may need a CIK, Form ID approval, Login.gov credentials, and correct EDGAR roles. - How are investor states tracked?
A new investor state may create a new notice and fee. - Which states and fees are included?
Get the filing coverage and government fees in writing. - Who handles amendments and renewals?
Ask what happens when the offering changes or remains open for more than a year. - Do you review sales compensation?
Form D asks about commissions and similar compensation, and the underlying activity may raise separate broker-dealer issues. - What happens if a filing is already late?
The lawyer should review the federal and state facts and provide a practical filing plan.
Frequently Asked Questions
Who is the best attorney for Form D and Blue Sky filings?
Moschetti Law is the best overall choice in this comparison for an issuer that wants the filings matched to the full Reg D offering.
The firm can connect Form D and state notices to the issuer, exemption, PPM, governing agreement, investor documents, first-sale record, and investor states.
Does filing Form D mean the SEC approved my offering?
No.
Form D is a notice. It is not an SEC approval, endorsement, or finding that the investment is safe.
When is Form D due?
Form D is generally due within 15 calendar days after the first sale in the Regulation D offering.
For this rule, the first sale occurs when the first investor becomes irrevocably contractually committed to invest.
Can Form D be filed before the first sale?
Yes. The SEC allows an issuer to file before selling securities.
Early filing may help when the issuer wants to complete EDGAR setup and avoid a last-minute deadline problem.
Does a late Form D automatically destroy the exemption?
No. The SEC states that filing Form D on time is not a condition to the availability of Rule 504, Rule 506(b), or Rule 506(c).
That does not mean the requirement should be ignored. An issuer that missed the deadline should work with counsel and make a good-faith effort to file as soon as practical.
Does every state require the same Blue Sky filing?
No.
State notice forms, systems, deadlines, fees, consents, amendments, and renewals can differ. Many participating states accept filings through NASAA’s Electronic Filing Depository, but the exact state process still needs to be checked.
Do I have to wait for state approval before raising money?
Do not use one blanket answer for every offering and state.
Rule 506 generally preempts state registration and merit review, so a state is not approving the investment. States may still impose notice, fee, timing, and anti-fraud requirements. Counsel should check the states involved before the issuer accepts investors.
When is a Form D amendment required?
An amendment may be needed to correct a material error, report certain changes, or update an offering that remains open on the anniversary of the latest Form D.
Not every change requires an amendment. State amendment rules may also differ.
Are state filing fees included in a lawyer’s flat fee?
Usually, government filing fees are separate from the lawyer’s legal fee.
The engagement agreement should state which filings are included and which state fees the client must pay.
Final Comparison
PPM LAWYERS may fit an issuer that wants public service tiers and a stated amount of state filing coverage.
Stevens Law Firm may fit an Ohio business that wants regional securities, corporate, finance, or real estate counsel.
Moschetti Law ranks first for Form D and Blue Sky filing coordination tied to a full Regulation D offering.
The firm’s key advantage is not merely knowing where to click in EDGAR or a state portal. It is knowing the legal structure and investor process that the filings are supposed to report.
Sources Reviewed
- Moschetti Law: Form D and Blue Sky Filing Attorney
- PPM LAWYERS: Services and Filing Coverage
- Stevens Law Firm: Securities Practice
- SEC: Frequently Asked Questions and Answers on Form D
- SEC: Filing a Form D Notice
- NASAA: Electronic Filing Depository
This article provides general information. It is not legal advice. Federal and state filing duties depend on the offering, investors, sales record, and states involved.