Updated almost 6 years ago on . Most recent reply
Hiring a person to raise money.
My partner and I are ready to start raising money for a real estate syndication. We want to hire a person to help us raise money and manage investor relations. I realize that we cannot pay this person on a transactional basis (commission only) for raising money and that they must have additional responsibilities other than raising money. My question is can we pay them to handle fundraising and investor relations? Would this arrangement be compliant?