b'bereportedwithin30days.Thisincludeschangesintheaddressofa member who is subject to reporting. You will need to file amendments as soon as you become aware of such a change.Iexpectthatinitialfilingsandamendmentswilleventuallybe something your registered agent can do for youwhich is another reason you will need to hire and maintain a professional registered agent for every entity you control.What Does This Mean for Syndicators and Fund Managers? 1.You may have to file your initial report before you know who your members are, as some of your entities may be formed more than 30 days prior to admitting investors, and 2.You will have to file an amendment within 30 days of admitting members, which generally happens when you close on the property. In operating agreements our firm drafts, we specify that admission occurs on the day you close on the property, break impounds and use investor funds (although sending back a receipt or certificate of ownership earlier could trigger an earlier deadline). But, be careful with offerings drafted by others, who may consider an investor admitted on receipt of their capital contribution and subscription agreement.3.You will have to file amendments within 30 days of admitting new members. For example, this would include late-coming investors or members added to the asset manager post-closing. 282'