Cohousing-L Mailing List: Re: getting money up front

[Matt Lawrence (matt]

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.