Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Legal & Legislation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

47
Posts
14
Votes
Stephen De Vita
  • Rental Property Investor
  • Charleston, SC
14
Votes |
47
Posts

LLC That Isn't A Security

Stephen De Vita
  • Rental Property Investor
  • Charleston, SC
Posted

I'm curious to know with those who have experience forming LLCs for fundraising. How do you structure the entity so it isn't a security? From my understanding, LLC that has a "manager" who is making decisions on where and how the money is invested is a security. You could make a member-managed LLC, but then who makes the decisions about where the money goes?

Loading replies...