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01. This Book
02. Syndicate Boom
03. Get Information
04. Syndicator
05. How much?
06. Depreciation
07. Depreciation Applied
08. Declining Balance
09. Straight Line
10. Paying Taxes
11. Pay Mortgage
12. Income Taxes
13. Paper Loss
14. Tax Shelter
15. Rent?
16. Syndicator Units
17. Wear + Tear
18. Lease-Hold
19. Building
20. Comparison
21. Specialized Properties
22. Growth
23. Leverage
24. Share Growth
25. Why + How
26. Syndicate Agreement
27. Net Lease
28. Long-term Lease
29. No Guarantee
30. Inflation Clauses
31. "Inflation Clause" Works
32. Inflation Clause?
33. Mortgage Due
34. Interest Rates
35. Short Term Mortgage
36. Good Mortgages
37. Refinancing
38. Refinancing Clauses
39. Share of Mortgage
40. Share of Profit
41. Purchase Options
42. How Purchase Options
43. Stunt the Growth
44. "Subordination"
45. Long Term Lease
46. Business Organizations
47. Syndicate Debts?
48. Management
49. Your Consent?
50. Sell Your Unit
51. Investment Trust?
52. Business Syndicate
53. Multiple Properties
54. Dream or Reality?
55. Syndicator's Background
56. Value of Guarantees
57. Look for Yourself
58. Conclusion
Resources
46. The Form of the Syndicate— Types of Business Organizations
Some syndicates are organized as corporations. Others as trusts, partnerships, joint ventures, tenancies in common, or limited partnerships. You may and must assume that the syndicator has chosen the form best suited for your syndicate. In any event, you will have no say on that matter. When you receive the brochure, it will tell you the type of business organization selected for the syndicate. You cannot change it.
We have no room for a discussion of the legal differences between the various business organizations. Probably you are not interested. But you should be interested in finding out whether you may be personally liable for the debts of the syndicate, whether you have any voice in the management of the syndicate, and whether the property can be sold and the syndicate liquidated without the consent of the investors.
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