SOT Compliance at a Glance
Quick facts every independent advisor must know:
• 5 Regulated States:
CA, FL, WA, HI, IA require direct registration or statutory host exemption.
• 45 Non-SOT States:
No state travel license required; standard general business LLC rules apply.
• Host Exemption Power:
Partnering with a compliant host saves you $5,000+ in annual bonds and filing fees.