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Updated about 7 years ago on . Most recent reply
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multiple member LLC as accredited investor
I'm presently a member-manager for an LLC that has 3 members. Each of us is likely an accredited investor, after totaling shares of other LLCs we are members of. I'm assuming that in order for myself, as manager, to invest in syndications requiring accreditation, we would all 3 have to qualify and approve the involvement in such a deal. Is this correct? Or does only the manager need to be accredited (though this option doesn't seem likely)?
Also, is there any way to exchange into a syndication? Or must we first pay taxes and then participate in the deal?
Thanks!