So you lay out the deal in detail. It’s a disclosure document.
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Why is it beneficial for a QOF to have subscription agreements and corporate consents?
Why is it beneficial for a QOF to have subscription agreements and corporate consents?
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These protect both the sponsors and the investors from any type of lawsuit, especially in the securities space. All parties want the terms of the investment documented to the last detail, including risk disclosures, to head off disputes down the road.
If a QOF is a syndicated offering, the formalities of a syndicated offering should be observed.
Interests in a QOF are securities and. Must be issued in accordance with federal and state securities laws.
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