b'will use to take title to the property and the members of your asset manager. It is important to get them involved at this stage as there are nuances in the way you structure your offerings that will ensure that only the appropriate people get underwritten and sign the loan documents. Setting this up wrong can cause you, other members of your asset management entity, and your investors a lot of extra time (which you may not have), as well as additional work (and legal fees).Once you have a signed purchase agreement on your property, your securities attorney will start working on your securities offering documents. This includes:Helping you select and understand the rules of your securities exemptionForming your legal entities and drafting their operating agreementsDrafting a private placement memorandum (disclosure document)Drafting a Subscription Agreement (for your investors to complete)Filing a Form D with the Securities and Exchange Commission and doing the appropriate blue sky filings required by the state securities agencies to comply with blue sky laws (i.e., state securities laws) If any legal opinions are required, your securities attorney can help you coordinate them with Delaware-licensed or corporate counsel.Ifcorporateresolutionsorclosingcertificatesarerequiredbyyour lender, your securities attorney can help with those, too.Unless your real estate attorney is also a corporate securities attorney with the appropriate securities malpractice insurance (very few are) and 21'