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I understand (1) and (3) seems somewhat self-explanatory (although the quotes around "solely" give me pause.) But I don't understand "common enterprise" at all.
by HWR_14 4y ago
I understand (1) and (3) seems somewhat self-explanatory (although the quotes around "solely" give me pause.) But I don't understand "common enterprise" at all.
- unicornmama 4y agoThe term "common enterprise" refers to the pooling of resources from multiple investors, who are united in their pursuit of a common goal or objective. So hyperbole above is false, real estate, in the simple sense, isn't regulated by the SEC.
- HWR_14 4y agoReal estate isn't. Investing in an LLC with some friends that buys an LLC is then a common enterprise. And if you are a hands off investor, then it's the shares are a security.