Robert A. Green
Registered: Nov 2007
10-25-12 02:24 AM
Quote from rogerwilcom:
Well, I am getting more than the other Member. Our Membership Interests are weighted 80% for me, 20% for him. However, I am not getting an extra allocation beyond that - like a performance or management fee.
If its 80/20 profit/loss sharing based on 80/20 capital contributions - with no sweat equity for you versus your partner - and there is no profit allocation, then you are not being compensated for investment management and there is no registration required for CA, SEC or NFA.