Form of Ownership. Please indicate the form in which you will hold title to your interest, please consider carefully. Once your subscription is accepted, a change in the form of title constitutes a transfer of the membership interest and will therefore be restricted by the terms of the Operating Agreement and the Act. Purchaser should seek the advice of an attorney in deciding in which of the forms to take ownership of the shares because different forms of ownership can have varying gift tax, estate tax, income tax and other consequences.
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Samples: Subscription Agreement and Power, Subscription Agreement and Power of Attorney, Subscription Agreement and Power of Attorney
Form of Ownership. Please indicate the form in which you will hold title to your interest, please consider carefully. Once your subscription is accepted, a change in the form of title constitutes a transfer of the membership Limited Partnership interest and will therefore be restricted by the terms of the Operating Fund Agreement and the Act. Purchaser should seek the advice of an attorney in deciding in which of the forms to take ownership of the shares units because different forms of ownership can have varying gift tax, estate tax, income tax and other consequences.. 8
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