Episode #038 - How to LEGALLY Setup your Commercial Real Estate Investment Offering w/ Tom Hutchison

Have you ever wondered how you can legally setup a company to raise money from investors and then use that money to invest in commercial real estate? Today our hosts Brian Duck, Braden Cheek & Joel Thompson from The Criterion Fund along with Tom Hutchison from GableGotwals in Tulsa, OK explain how easy it can be to set up these companies and stay compliant with the SEC. Topics discussed: Tom Hutchison Introduction - GableGotwals Shareholder; Transactional Law Specialist. How to form an entity in any state in the U.S.- Sometimes can be completed within the same day as filing, depending on your state. What type of entity is best for you? What happens if I accidentally file as the wrong entity type? Do you have an Operating Agreement for your Entity? That is almost just as important as the entity itself. USE AN ATTORNEY! Be careful that you are staying compliant with the SEC when raising money from investors. Keep your legal counsel in the loop on your business plan and when and where the funds from the deal are coming from. 6.Disclose. Disclose. Disclose. The Purpose of our 103 page PPM is to disclose everything possible we know about the deal and the complete business plan. You get to write the rules or bylaws of your operating agreement. Why break the rules when you get to write them? Fun Example of why you should use legal counsel on EVERY SINGLE COMMERCIAL REAL ESTATE deal you do. Pro Tip - Put your contract deadlines in your calendar. These trip people up on their contracts more than anything. *Be Sure to check us out on YouTube for the Video version of today's episode!** https://youtu.be/fHhKrxrPirc Links mentioned in this episode: https://www.GableLaw.com/Attorneys-all/Thomas-J-Hutchison/ www.TheCriterionFund.com www.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://TheCriterionFund.appfolio.com/im/investor/contact-us