b'drafting securities offering documents and forming syndicates and funds is a routine part of their regular practice, then they shouldnt be drafting your offering documents. It is easy to fall into traps with investors and taxes that only an experienced corporate securities attorney can help you avoid. Our offering documents have evolved (and continue to do so) over 10 years of practice based on the real experiences of our syndication clients in hundreds of securities offeringsyou should seek that level of experience when selecting your corporate securities counsel.Where Should Your Attorneys be Licensed?Your real estate attorney may need to be licensed to practice law in the state where your property is located, or they may need to associate with someone who is licensed in that state, as a portion of their services may be governed by state law.Yoursecuritiesattorney,however,typicallyoperatesunderfederal securities laws, so it doesnt matter where the firm is licensed as it is able to help clients under federal law in any state.Beware of Hiring the Wrong Attorney Some commercial real estate attorneys may offer both commercial real estate transactional services and securities offerings, but make sure that securitiesofferingsareasubstantialamountoftheirbusiness,whichit usually is not. Oftentimes, they understand the real estate transaction, but not securities compliance, and Ive even seen numerous cases where they ignore securities compliance altogether (probably because they dont know 22'