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Updated almost 3 years ago on . Most recent reply
Structuring and legalizing private money
Hello all,
I am new to private money and would like any and all input on private money. I have a few friends that are willing to put money together to fund deals. how do we structure this and what legal steps do I take to ensure everyone is covered in case anything happens. Should I find a real estate lawyer to write up a legal document? Any lawyers in the Twin Cities, MN that you guys recommend? Thanks in advance.
Ku Thao
Most Popular Reply
If everyone investing with you is truly going to be active investors; you can form a joint venture partnership. Any real estate attorney should be able to structure that. If there are going to be passive investors; you are now forming a security and you need to enlist the services of a SEC attorney.