Important difference between Rule 506b and Rule 506c

RULE 506 (b) versus RULE 506(c)

RULE 506(b)

You cannot advertise at all.

You must have a prior relationship with the investor before you can take their money.

You can take funds from an unlimited number of Accredited Investors.

You can take investor funds from up to a maximum of 35 NON-ACCREDITED Investors.

You can advertise.

You cannot take any money from non-accredited investors.

You can take money from an unlimited number of Accredited Investors.