by Syndication Attorneys PLLC | Jan 23, 2023
Want to invest in a Rule 506(c) offering? Here is what you must do: In order to claim the Rule 506(c) exemption, the issuer of the securities you want to purchase must be able to demonstrate they took “reasonable steps” to ensure that all investors are...
by Syndication Attorneys PLLC | Jan 23, 2023
You can use your branded entity to make offers via a Letter of Intent (LOI). When your LOI is accepted, you create the Purchase & Sale Agreement (PSA). The buyer listed on the PSA is “your branded entity and/or assignees.” You won’t create an entity to take title...
by Syndication Attorneys PLLC | Jan 23, 2023
You should create a “Brand LLC” that you will use to make offers. It will either be used as the Manager LLC of a syndicate or it may be used as your representative member in the management of a syndicate if there are other management team members for a specific deal....
by Syndication Attorneys PLLC | Jan 23, 2023
You can use the same Manager LLC for multiple syndicates as long as you don’t change members of the management team for specific deals. If you do, you will need a new Manager LLC for each syndicate. Your Manager LLC should never own anything, or be owned by...
by Syndication Attorneys PLLC | Jan 23, 2023
Typically, a Fund operating agreement does not contemplate or authorize the direct hiring of employees. It can be a mistake for an entity that has investors to hire employees, as you start mixing up liabilities (investor liabilities and employee liabilities). One of...
by Syndication Attorneys PLLC | Nov 11, 2022
Generally, the Manager should dissolve all entities once the property is sold and all affairs wound up. You’ll need to review each of your operating agreements to see if a vote of the members is required before you do so. If it is, you’ll have to hold a meeting, take...
