California  |  Securities Law

Legal Question

Asked on: 1/22/12, 10:26 pm

I'm a real estate investor who has always used my own finances to invest in my properties.

Now to gain access to more capital with which to expand, I planned to set up an LLC that would seek capital from investors for a annualized rate of return on their investment. I had not planned to offer shares or ownership in the company just a rate of return to those investors that invest. However, if I understand correctly, under the SEC regulations I could not advertise or solicit the general public for investment

1) Am I correct in my understanding that I can not advertise or solicit the general public for investment?

2) How is it that developers etc are able to solicit to investors as I see on-line, on radio etc?

2)How can I legally notify the public of my offering in a legal manner?

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