Cardone Capital Operating Agreement

The company pays the managing member an asset management tax equal to 1% of the capital paid at the end of each previous month. The amount of the capital released is reduced only for the return of the capital to the members of the liquidation and sale of the sale of one of the company`s assets. This tax is payable monthly. Below is a summary of some federal considerations relating to income that comes from an investment in the company, but which do not purport to cover all potential tax considerations that apply to a particular buyer. Potential investors are encouraged to consult with their own tax advisors and rely on their own tax advisors to discuss these and other tax issues, paying particular attention to their own tax situation and possible changes to existing legislation, and to rely on the effects of the acquisition, maintenance and divestment of federal income partnership shares. , and rely on individual investors. who are citizens or residents of the United States and who will hold their interests in society. „capital“ (usually held for investment). It serves only general information and is not intended as a comprehensive analysis of all potential tax considerations related to investing in society.

The tax implications of an investment in the corporation are complex and vary according to the individual circumstances of each investor, and this discussion does not address the issue of the impact on federal income tax, which applies to all categories of investors, some of whom may be subject to special or other treatment under tax legislation (including , unrestricted, insurance companies, qualified retirement plans). , organizations, financial institutions or brokers, securities traders who opt for the market brand, members who hold a stock of capital under a „straddle,“ a hedge or „conversion transaction,“ national companies, „S“ companies, REITs or regulated investment companies, trusts and rebates, persons who are not citizens or residents of the United States , persons who hold their shares in the corporation through a corporation or other entity that is a one-by-one unit of U.S. income tax, or persons for whom a stake in the company is not capital or who directly or indirectly provide services to the company). In addition, this discussion does not address all foreign, governmental, local or other tax laws that may apply to the company or its partners. Competition with third parties in the acquisition and operation of real estate can reduce our profitability and the return on your investment. Table III – Operating Results of Previous Programs – summarizes the operating results of previous programs: the company does not currently have significant assets. Please refer to our „ENTREPRISE DESCRIPTION“ on page 24. We believe we will need at least $100,000 to provide working capital and $75,000 for the next 12 months.

The enterprise agreement gives our director broad powers and powers that can result in one or more conflicts of interest between your interests and those of the executive, the contractors and his other related companies. Among the potential conflicts of interest, These include: the net proceeds will be used for lawyers` and current accounting fees (estimated between US$65,000 and US$75,000 depending on the collection and opportunity for the next 12 months), working capital for the creation of an investment portal for the next 12 months and the costs associated with the acquisition of real estate. , like Z.B. Brokerage notices, acquisition fees, title reports, registration fees, accounting fees and legal fees. We have established current fee estimates based on consultations with our accountants and lawyers, as well as operating and due diligence costs based on the manager`s experience in the real estate sector.