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RealnetCO.com |
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VA Buyers srill get a $8000 rebate!
Investment OptionsLimited PartnershipsLimited Partnerships Limited Partnerships may be purchased and sold by IRAs and Qualified Plans. Registered and unregistered interests in Limited Partnerships may be purchased and sold by IRAs and Qualified Plans. INVESTING IN PARTNERSHIPS The general rules regarding acceptability of partnership investments in your account are: · The partnership agreement must permit an IRA or a Qualified Plan to be a partner. · The partnership interest purchased by your account cannot have any management responsibility; liability from any cause cannot exceed the amount of your investment; and a voting majority is not permitted. · The partnership entity must comply with the appropriate state law, have a determinate life, and be assignable. · The partnership subscription agreement must be signed by you as having been read and approved and will be executed by us for your benefit. In addition, you will need to complete and send us a Buy Direction Letter For Other Than Real Estate for the transaction. FAX transmission of this is acceptable but the original must follow. The investment amount must be stated or funding cannot take place. NOTE: Partnerships may be subject to unrelated business income and other taxes. You should consult your tax advisor for proper direction.
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