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Updated about 3 years ago on . Most recent reply
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Note Business Name Constraints
I was listening to a number of Chris Seveney "Good Deeds Note Investing" podcasts discussing the need to create domains and entities. The discussion involved lessening the ability for a future borrower to contact the note buyer directly instead of through the servicer. The other issue is inadvertently using business words reserved for licensed investment firms, banking firms, etc.
I'm currently in the process of establishing a note business LLC and have come up with a name that involves the words "investing" or "investments." Does the choice of either name a flag for SEC or professional organizations to get excited about?
For context, I come from an engineering background that is very sensitive to business names implying professional engineering with none on staff. This profession, as many do, strive to protect the public and to preserve practitioners from unlicensed entities.
Any advice would be greatly appreciated.
Bruce Foley
Most Popular Reply
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I thank you all for your timely responses. Bigger Pockets once again comes through with folks who care. Special thanks goes to Chris and Jamie for contributing a vast library of podcasts with quite valuable insight. Chris's link to the article is spot on and exactly what I was hoping for.
I look forward to time well spent in Bigger Pockets and with those who contribute to the greater good. It appears that integrity lives here and why I'm drawn as well.
Bruce Foley