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Old 10-19-2007, 01:33 PM   #8 (permalink)
peteuk
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Default Re: NobsProject - Real Estate Development

Quote:
Originally Posted by allinvain View Post
Pete it's not that simple. To accept outside or "third party" funds the IBC would have to have a financial services license. I think the way around that would be to simply use "loans". Another method would be to use a Nevis LLC and have each investor become a member of the LLC which is hybrid between a Limited Liability Partership and a Corporation.

Anyways, just my two cents.
Hi Allin,

Thanks for your reply.

I've looked at LLP's, but I've always thought they were a bit fiddly and would put people off. Probably private loans would be the way to go in that case.

If you have discover anything with your reasearch on how best to proceed I'd appreciate it if you would post your findings.

Regards,

Pete
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