Securities Act of 1933: Federal law requiring registration of securities offerings and mandating disclosure requirements for public offerings
Securities Exchange Act of 1934: Federal law governing secondary market trading of securities and establishing the SEC
Investment Company Act of 1940: Federal law regulating investment companies and their offerings
Internal Revenue Code: Federal tax regulations affecting unit transfers, including capital gains and other tax implications
State Blue Sky Laws: State-specific securities laws governing the offering and sale of securities within each state
State LLC Acts: State-specific laws governing the formation and operation of Limited Liability Companies
State Partnership Laws: State-specific laws governing the formation and operation of partnerships
State Corporation Laws: State-specific laws governing the formation and operation of corporations
SEC Regulations: Federal regulatory requirements for securities transactions and transfers
FINRA Regulations: Rules governing broker-dealers and registered securities transactions
UCC Article 8: Uniform Commercial Code provisions governing investment securities and their transfer
Operating Agreement Compliance: Requirements and restrictions specified in the entity's operating agreement regarding unit transfers
Right of First Refusal Provisions: Existing contractual rights that may affect the ability to transfer units to third parties
Buy-Sell Agreements: Existing agreements governing the purchase and sale of ownership interests
Company Bylaws: Internal rules and regulations of the company that may affect unit transfers
Transfer Tax Requirements: State and local tax obligations triggered by the transfer of ownership units
