Hourglass8
idiosyncratic musings
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I am highly interested in applying dispute resolution in business and politics. I earned distinction for Political Science from UIUC in 2006, and in 2011 I earned my MBA from UIC. This fall I will be attending Marquette University for the Graduate Program in Dispute Resolution.
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The Cyclist's Training Bible, by Joe Friel
The Black Swan, by Nassim Nicholas Taleb
Dungeons and Dragons Rule Compendium
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Selling Membership Shares as an LLC
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Tags: Business, linkedin
Categories:Commentary
Deciding on raising capital through selling membership shares involves a whole realm of legal complexities that can carry some hefty penalties for registering incorrectly, late, or fraudulently.
Being a Limited Liability Company (LLC) carries with it some great benefits, but also additional headaches. Selling membership shares is one of those.
So the real question might not be “are you going to sell membership shares” but more along the line of “how are you going to sell membership shares?” The trick lies more with the “how” than the “why.”
I’ll briefly discuss the basic decision making process I used in dealing with the SEC and State of Illinois. Then, I’ll go into further detail about the decisions I made.
So, deciding between registering or filing for exemption? Read on! (more…)