Hi,
I would like to apologize in advance for my ignorance for I know nothing at all about what I am about to ask. I have an idea to start my real estate investing business by operating a hedge fund type operation. Is it legal to advertise for investors to be part of the hedge fund and how would I go about setting up the LLC or maybe someone could refer me to another blog entry covering this topic. As a hedge fund the funds would sit idle in the fund and as the fund manager I would have the ability to use the funds to aquire real estate?? Does this sound even remotely cose to being correct?