for 7 years*
At the end of 7 years, you may choose to extend your syndicate life for 3 years at an additional charge of $1,800
Cash distributions are included; stock distribution will cost $50 per member, which will be deducted from proceeds at liquidity event
Standard Master LLC to house your Series LLC*
Obtaining a CIK#, EIN*
Dedicated bank a/c
Deal display platform
Investor onboarding including KYC, AML
Online transaction platform including document signatures, fund transfer
Initial closing of the syndicate including initial account creation, Form D filling, Blue sky filings
Annual federal taxes & DE filings as required
Annual distribution of K1s
Distribution of proceeds from liquidity event
Winding up of Syndicate after liquidity event, final tax filings
*legal terminology for a Syndicate on Propel(x)
Propel(x) is a Franklin Templeton Evo Nexus Incubator Portfolio Company
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Certain offerings posted on the platform and so designated are offered by Hubble Investments, Member FINRA / SIPC and a fully-owned affiliate of Propel(x), located at 1 Franklin Parkway, Bldg # 930/1 – Fintech Suite, San Mateo CA 94403. Hubble Investments does not make investment recommendations and no communication, through this website or in any other medium should be construed as a recommendation for any security offered on or off this investment platform. This website is intended solely for qualified investors. Private investments are highly illiquid and risky and are not suitable for all investors. Investments in early-stage private companies should only be part of your overall investment portfolio. Furthermore, the allocation to this asset sub-class may be best fulfilled through a balanced portfolio of different start-ups. Investments in startups are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.
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