Setting up an account on the Electronic Filing Depository (EFD) is the most efficient way to handle your Michigan filing and any other states where you might have investors.

​As of 2026, the system has been migrated to a new platform (nasaaefd.org), so ensure you are using the updated URL.

​Step 1: Registration

  1. ​Go to nasaaefd.org.
  2. ​Click the Register link at the top of the page.
  3. ​Select Filers & Issuers as your account type.
  4. ​Fill in your details (name, email, and a strong password).
  5. ​Verify your email: You will receive a validation code via email. You must enter this code on the site to activate your account.

​Step 2: Set Up Your Filer Profile

​Once logged in, you need to complete your profile before you can file anything:

  • ​Navigate to Manage Your Filer Profile (usually found by clicking your name in the top right).
  • ​Enter your company’s legal name, address, and contact information.
  • ​Payment Setup: You will need to link a bank account for ACH payments. The system primarily uses ACH to pay state fees and the EFD system fee.

​Step 3: Create the Filing (Form D)

​You don’t “re-type” the whole Form D; the system pulls data from the SEC:

  1. ​Go to the Form D section and click Search.
  2. ​Enter your Accession Number (the unique number the SEC gave you when you filed your Form D on EDGAR).
  1. ​Once the system finds your offering, click the EFDID (the system-generated ID for your deal).
  1. ​Click Create Notice.

​Step 4: Jurisdiction Selection & Payment

  1. ​Select Michigan: Check the box for Michigan (and any other states where you’ve sold securities).
  1. ​Confirm Fees: The system will calculate the total.
    • ​Michigan State Fee: $100.
    • ​EFD System Use Fee: $160 (This is a one-time fee per offering. Once paid, you won’t pay it again for amendments or renewals for this specific deal).

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  1. ​Submit: Authorize the ACH payment and submit the filing.

​Quick 2026 Checklist

  • ​Timeline: Ensure this is done within 15 days of your first Michigan sale.
  • ​Fees: Budget for a total of $260 for your first Michigan filing ($100 state + $160 system fee).
  • ​Credentials: If you previously had an account on the old efdnasaa.org (pre-2025), your login credentials should still work on the new site.

​Would you like me to check if Michigan has any specific “late fees” if you happen to miss that 15-day window?

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