b'Commingling of company and personal finances with personal assets.Thus, if you are considering forming a single-member limited liability company to participate as your branded entity in a syndicate or fund, whether you want it to participate in management of one or more syndicates or funds or to hold your profit interests, Wyoming clearly offers advantages that other states dont.Multi-Member Branded LLCs Multi-member limited liability companies, where you and some team members from the same state are working together to find and syndicate properties,canbeformedinthestatewhereallofthememberslive. However, if some of the members live in other states, you may again, wish to form this entity in Wyoming.Where to Form Entities for Your Securities Offerings Syndicate LLCsFor Specified Offerings Syndicates that acquire specific properties are usually formed in the state where the property is located. If you form them in another state, you will also have to register them in the property state, so that they can legally conduct business there (contracting services, banking, etc.). Fund LLCsFor Blind Pool Funds Funds are most often formed in Delaware, as it has a Court of Chancery that only hears business disputes. The benefit of this is that the judges should 228'