Reg A (Regulation A or Title IV of the JOBS Act or Reg A+)
An exemption from registration for public offerings. Regulation A provides two offering tiers: Tier 1, for offerings of up to $20 million in a 12-month period; and Tier 2, for offerings of up to $50 million in a 12-month period. For offerings of up to $20 million, companies can elect to proceed under the requirements […]
Reg CF (Regulation Crowdfunding or Title III of the Jobs Act)
Regulation Crowdfunding (CF) provides an exemption from the registration requirements for securities-based crowdfunding allowing companies to offer and sell up to $5 million of their securities without having to register the offering with the SEC. With Regulation CF, non accredited investors now have the opportunity to participate in the early capital raising activities of start-up […]
Registered Agent
Also known as a resident agent or statutory agent, a registered agent is a business or individual designated to receive service of process when a business entity is a party in a legal action such as a lawsuit or summons. An SPV will typically have to engage a registered agent. Depending on the structure the […]
Regular LLC/LP (Traditional LLC/LP)
Before the Master Series LLC/LP structure was codified there was only LLC or LP. Now, because the Master Series structure can cause confusion, we need to distinguish between the two and the typical words to describe the original LLC/LP structure is “regular” or “traditional” (or the “OG!”). A regular LLC/LP structure typically requires a filing […]
Responsible Party
This term can be found in various IRS tax forms to apply for the person who will control the entity and its assets; typically the Organizer and/or the investment advisor.