The Secrets of Syndication: How to Make Money with Other People's Money

by Richard Beguelin

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• Format: Hardcover
• Language: English
• ISBN: 0316087831
• ISBN13: 9780316087834
• Release Date: January 1985
• Publisher: Little Brown and Company
• Length: 287 Pages
• Weight: 1.45 lbs.

Customer Reviews

Tremendous Resource For Raising Money For Businesses

The book, published in 1985, is still current in terms of being an option for raising funds to start a business. The book shows how to create a Limited Partnership with Limited Partners supplying capital and General Partners fulfilling the Syndication and Management functions of creating and starting the business.Normally you can raise capital by borrowing or by selling stock. The book shows you how to raise capital without selling stock or going to the bank. To my knowledge there is no other resource available that can do this. Not only does the book provide a road map of the process, it also supplies the actual Limited Partnership agreement that you can use to create A Limited Partnership. But because the book was published so many years ago, your attorney, or you, will have to check the wording of the agreement to make sure that it accurately complies with your state securities regulations. The references to California law will either have to be checked with the current California law or changed to correspond with your state securities regulations.This is a book that should be on the bookshelf of any entrepreneur.It is not easy to do what the book describes: the syndication of money from people you already know in a exempted securities offering. It may be beyond your capabilities; those who find it so can hire a promoter or funds syndicator and have it done for you. But in the book there is enough for you to do it yourself after you check state regulations to ensure that you are not in violation of state laws when you act as the promoter.The best part of a Limited Partnership is that you issue investment Units as opposed to shares of stock. Then when the Limited Partners receive back their original investment plus the return on investment they have been promised, the LP can be set up to terminate the LP at that time. Once your business has repaid the original LP investors, the LP Partners can be jettisoned as the Limited Partnership terminates. This leaves you, the entrepreneur, with all the stock, with no debt, and the total company.One disadvantage of buying the book is having to type all the forms in your word processor..it is a process that takes weeks or days, not hours...I strongly recommend this book to anyone trying to start a business that is substantial enough to support a Limited Partnership format for raising start up capital