Re: getting money up front
From: vandeist (vandeistmsn.com)
Date: Mon, 8 Feb 2010 14:35:53 -0800 (PST)
Oops.  I thought that it was Lancaster, PA.

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From: "Matt Lawrence" <matt [at] technoronin.com>
Sent: Monday, February 08, 2010 5:26 PM
To: "Cohousing-L" <cohousing-l [at] cohousing.org>
Subject: Re: [C-L]_ getting money up front


On Mon, 8 Feb 2010, vandeist [at] msn.com wrote:


By pulling your money, have you violated any Security & Exchange Commission (SEC) regulations? If people without a history together pool their funds,
the SEC interprets that as a security.  Did your group members have an
extensive personal/business history with one another?  Are you an LLC or
incorporated?  Did you create a security?  Please tell.  We have avoided
pulling our funds, because we're new to one another as a group and didn't
want to run afoul of the SEC.  Now we're considering creating a security.
Van Deist    Venice, FL

Why should they care?  They aren't governed by American laws, this is a
Cohousing group in the UK.

-- Matt
It's not what I know that counts.
It's what I can remember in time to use.
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