I’m seeing good discussion of these topics and I think they’re worthy and valuable. However, I’ve not seen an attorney give us their input on the regulatory norms/best practices/issues on pros/cons on choosing a legal entity for Algofi. I believe unless and until we obtain competent legal counsel on these issues, any decision we make will be too uninformed. There are many legal facets to this, including securities law, corporation law, maybe even banking law, and contract law, for which I’ve not seen anyone qualified to give an opinion. Perhaps we may need to hire a firm to provide a complete legal analysis that provides clarity and guidance to all of the pertinent issues. Of course, that will cost, and will we be willing to pay the cost? I submit these for discussion.
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