b'12. File Your Securities NoticesCOMMON NOTICE FILING FAILURES Missing Filing DeadlinesThe failure to make required securities notice filings in the time re-quired is one of the biggest mistakes issuers make when conducting a securities offering. As an issuer its important for you to understand that compliance with the filing requirements and deadlines is your respon-sibility. While an attorney can draft the documents, help structure the offering, and advise the issuer regarding the rules associated with the ex-emption, it is ultimately up the issuer to make sure that the offering, and the actions of its entire management team and all promoters of the offer-ing, comply with all of the legal requirements for an applicable securities exemption. The attorney who drafts the documents and files the notices is generally not involved with raising money from investors. Thus, they have no way of knowing when the issuer has raised enough money to break impounds or when the company makes a sale to a resident from a new state, triggering the 15-day period in which the state notice must be filed. If the attorney is filing securities notices on the issuers behalf as part of its legal services, then the issuer must keep the attorney informed of its progress so that all state and federal securities notices can be filed in a timely manner. To comply with notice filing requirements, the issuer must provide its securities attorney with a list of states where its investors claim residency, and the total amount raised in each state, at a minimum. If the issuer con-tinues to raise money beyond that date, it must notify its attorney when accepting subscriptions who claim residency in new states. Some attor-neys will review subscription agreements from investors to keep a handle on these requirements, but others leave it up to the issuer. In either case, keep your attorney informed. Self-Drafters or Unskilled Attorneys May Fail to File at AllAnother common source of securities violations are self-drafted docu-ments. Issuers of securities who copy anothers offering often overlook or are unaware of the required federal and state securities notice filings, and frequently make inconsistent statements in the documents such as claim-ing one exemption while following another. If the filings are not made 143'