What if the government agencies finally realize they must reduce spending, including payroll?

@David C.The way I see it is this—Whoever created this bill think they are protecting non-accredited investors by NOT allowing them to participate those deals if they don’t have enough net worth to lose.Also, they assume that accredited investors who qualify as such based on their net worth, they must be at least financially sophisticated to make the educated investment.

Wire funds went out and checks were cut the last of Sept for Oct payroll, effective for Oct on deposits before any shut down was known, so he's pulling the wool over your eyes, however he may have had a concern about paying other future bills, no idea what his reason was and it could be he didn't receive enough if he gets mid-month pay.You can certainly verify at his company, you might get a bit of a run around too so you cn get the gospel from calling the Military Pay Section at Ft.

One time consuming chore is doing the payroll.

D 506's make sure that you really take a look at the requirements, the investors have to be accredited (not just sophisticated) and they can no longer just "check the box" on a questionnaire, you will have to have some documentation from an attorney, their CPA, or tax returns.I am still going the Old D 506 route for now, because I do not want to collect all of that, again, make sure you have a good securities adviser on your team.

You're probably going to use a payroll company, which adds some overhead and ties you to regular paychecks, which isn't really convenient when you're flipping properties.

Where if you raise the deal locally likely working with accredited investors and sophisticated it will be more the traditional syndication model.

I should have stayed in that one lol.Even a sophisticated investor shouldn't play this game with money they can't afford to lose.

"Ringing" an auction is a sophisticated mathematical exercise.

The IRS does require a certain(hard to determine) amount of your income to be as payroll(paying SS/Med taxes 15.3%) as opposed to all income simply being "profit" and not subject to the payroll taxes.