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Updated about 1 year ago on . Most recent reply

Stephen De Vita's profile image
Stephen De Vita's profile image
Stephen De Vita
  • Rental Property Investor
  • from Charleston, SC
  • Member since Sep 28, 2021

User Stats

47
Posts
14
Votes
Stephen De Vita's profile image
Stephen De Vita's profile image
Stephen De Vita
  • Rental Property Investor
  • from Charleston, SC
  • Member since Sep 28, 2021
Stephen De Vita
  • Rental Property Investor
  • Charleston, SC
14
Votes |
47
Posts
Legal & Legislation

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?

Charleston, South Carolina
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