California | Investment Law
1/27/09, 2:57 pm
Legal Question
Licensing Requirements- Not For Profit Investment Firm
My partner and I are looking at forming a Not for Profit Investment Fund.
The objective of this fund will be to finance environment friendly or socially constructive projects (for/non profit) via microfinancing from investors, pool them using a trust account and apply it for the project. The investors will generate a rate of return based on the performance of the project.
Do we need to apply for Broker Dealer/some other license in CA to perform such transactions?
Regards.
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Read More Answered By: Daniel Bakondi |
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