Legally, whats the difference between active investors and passive investors?
In general, you have more flexibility in securing investments from active investors, because state and federal securities laws aren't involved.
Active investors are your general partners or general members (along with you) of a limited liability company.
Passive investors who aren't involved in the day-to-day operations are your limited partners, or limited members of your limited liability company, or shareholders of your corporation.
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>>Legally, whats the difference between active investors and passive investors?
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