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Venture Legal

I live in Canada, what language for the PACT? See details for what I put.

Asked by:

Community Member

Sep 19, 2023

Given I expect to be raising from LPs from Canada and USA: "The undersigned understands that the Offering is being made without registration under any securities law in any jurisdiction, including the Securities Act of 1933 (the “Securities Act USA”), as amended, or any securities law of any state of the United States. And including in Ontario, Canada, without registration under the Securities Act, R.S.O. 1990, c.S5 (the "Securities Act ON"). The Offering is being made only to accredited investors as defined in the Securities Act ON and Securities Act USA (or in the applicable jurisdiction). [[management_company]] acknowledge that different jurisdictions have differing definitions of 'accredited/sophisticated investor' and is respecting the regulated requirements in the applicable jurisdictions." Please provide feedback or approve.

Canadian Domicile in the US

Asked by:

Community Member

Jun 07, 2023

One of my larger LPs can only invest in US entities, and my largest LP doesn't require but would prefer I domicile in Delaware. As a Canadian is that going to be an issue? Are there major tax issues I'll face? My wife is American, but not planned to be involved in the business (if that could help.)