Can We Use Our Individual Entities to Co-Manage a Real Estate Syndicate?

Can We Use Our Individual Entities to Co-Manage a Real Estate Syndicate?

We recommend that you use a single-Manager entity to manage a syndicate.

The individual entities owned by members of the management team can be members of the Manager entity, but you do not want them to be direct “co-managers” of a syndicate. That is because if something happens between the members of the management team (which is where things usually go wrong), you would have to involve investors to remove a co-manager, which will cause your investors concern about your ability to manage their investment.

To prevent this, you should use a single-Manager entity to manage the syndicate. It will have its own operating agreement that serves as the “joint venture agreement” between the members of the management team. This “Manager’s Operating Agreement” describes how you will split money and duties among the members of the management team, make decisions regarding the investment, resolve disputes, and disassociate members who don’t perform. Our team at Syndication Attorneys can advise you on anything you are unsure about.

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At Syndication Attorneys LLC, we are committed to your success – book a consultation with one of our team members today!

Are you ready to raise private capital?

At Syndication Attorneys LLC, we are committed to your success – book a consultation with one of our team members today!

About Syndication Attorneys

We are NOT your stereotypical law firm. We don’t believe in simply taking your money, handing you a stack of technical, often-incomprehensible legal documents and then bidding you good luck and good-bye. At Syndication Attorneys PLLC, we are committed to your success – not just with the project at hand, but your continuing success in business and investing. We are your long-term legal team.

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