Is YouLand Affiliated with a broker/dealer?
Yes. YouLand is currently affiliated with North Capital Private Securities Corporation ("North Capital"), a registered broker-dealer with FINRA and member of SIPC. North Capital provides compliance and regulatory oversight to YouLand .
How does YouLand maintain compliance with Federal Securities Laws?
All offerings listed on YouLand are private placements exempt from registration under the Securities Act of 1933 pursuant to Section (4)(a)(2) and Rule 506(b) of Regulation D. In keeping with Federal Securities laws, all offerings conducted through YouLand are currently limited to Accredited Investors.
I’m not an Accredited Investor. Can I raise money through YouLand?
Yes. There is no requirement that our Real Estate Companies or their principals be Accredited Investors.
Can I advertise my fundraising to the general public?
No. In order to remain compliant with Reg D Rule 506(b), YouLand and real estate companies using YouLand to raise capital cannot publicly advertise active offerings being conducted through the YouLand website. Although the SEC implemented new Rule 506(c) pursuant to Title II of the JOBS Act on September 23, 2013 to allow real estate companies to advertise their fundraising to the general public, we are not yet utilizing this new exemption. However, please check back soon as we plan to support advertisement of investments in the near future!
How does the JOBS Act Impact YouLand?
YouLand is not currently operating under either Title II or Title III of the JOBS Act. Rather, all investment offerings made available through YouLand are conducted under existing Regulation D, Rule 506(b) and accordingly available only to Accredited Investors behind a secure firewall.
Will I have to manage a bunch of small investors?
No. YouLand pools all individual investors into a single LLC, which we refer to as a YouLand Fund, and stays on as the Manager of this Fund LLC. This allows you to focus your time on managing and operating the investment property while leaving investor communications and management to us. This also means that you only have to prepare a single K-1 each year for the YouLand Fund and YouLand handles preparation of separate K-1's for all investors in the Fund.