OfflineThis is a good and short article on how to raise money. Some things it talks about are:
A mistake made by many investors is raising money through a Nevada entity without proper registration. This is a path to jail where you will not pass “go” if things turn south for your investors.
and
Unfortunately, to stay completely legal (out of jail) you must also be mindful of state and federal securities laws.
and Remember, ignorance of the law is no excuse and even an innocent mistake can lead to court and likely jail.
http://www.biggerpockets.com/renewsblog/2011/01/06/raising-money-for-you...
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
Thanks Tammy,
It is true that many people think that because they have an LLC, they are 'protected'....
Thanks for sharing!
Valerie
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My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
on the subject. Just thought I would pass it along, I am sure many seasoned investors know this already, but I know many could use it. I also know someone told me they used a Nevada company, so I took special note of that. Tammy
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
Interesting
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"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
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Absolutley this is where the SEC laws come in to play. Follow there rules in raising capotil in your state and you wont have any problems. If you are going to rais money from investors you will need to folow the laws stated here.
http://www.sec.gov/
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