Wanted to know because I'm looking to open a partnership or llc. No financial advice will be given to partners or members. One person would do all the transactions on behalf of company. This is for investment purposes.
If the transactions are by the Managing Member or General Partner for and only on behalf of the company in only its private securities account and the company is not in the business of just buying and selling securities as a Broker or Dealer then in my opinion no registration would be required.
I bout 440 shares in this company almost 10 years ago now. I have the share certificate. I have called repeatedly and asked for information, financials, and they never answer or return any of my calls. I am tired of getting the run around. I have provided my contact information (phone, address)... Read more »
You should discuss the situation with a lawyer that specializes in securities law. Many will offer free initial consultations, and they can give a more in depth answer since you will be able to share more details with them than this process allows.
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