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Investment Group FAQ Sheet

This is the May 2020 fact sheet to answer questions about starting an invesment group with KAAG.

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Investment Group FAQ Sheet

  1. 1. Kendrick Advisory & Advocacy Group, LLC (404) 919-0660 A #WeOwn Initiative This is an initial initiative by KAAG to facilitate access to capital markets for historically disadvantaged communities by using group economics to leverage strength and power to create OWNERSHIP in opportunities and wealth generating vehicles. NOTE: This is to set up the legal framework; NO MONEY IS BEING INVESTED as you are paying membership to be a part of the investment group. (Last updated 5/14/2020) Q1: What is the initial cost to start an investment group (IG)? A1: It’s a flat, non-refundable initial fee of $2,500.00. Usually the “founders” split these costs. NOTE: Each founder, to be a member of their group, would need to pay up to the membership amount set by the Founders. ______________________________________________________________________ Q2: What does the initial fee of $2,500.00 include? A2: 1. Initial in person meeting with Founders to decide on scope (education or investments), fee, target audience, targeted number of subscribers, etc. 2. Organizing with the GA Secretary of State’s office (does not include any publication fees for a C corp.) 3. Owners Agreement amongst founders 4. Commitment to a 1 hour "Interest call" with those interested in joining group and 5. On going access to me during normal business hours to ask legal questions or obtain business advice ______________________________________________________________________ Q3: What is the turn around time from once agreement and paid initial fee to initial meeting with founders? A3: Seven (7) business days.
  2. 2. Kendrick Advisory & Advocacy Group, LLC (404) 919-0660 ______________________________________________________________________ Q4: How much do members to your IG investment group pay? A4: It depends on your number of desired subscribers and which of our services you want after reaching your desired number of members. The minimum amount for our services are $10,000.00 for holding elections and developing IPP (Internal Procedures & Protocols) and “Best Practices” meeting with Founders. (NOTE: All membership fees are paid directly to KAAG and deposited directly into a trust account and a credit given to the organization.) _____________________________________________________________________ Q5: What happens to KAAG’s participation once your IG gets the required number of shareholders? A5: It would it depend on how much funding is collected above the $10,000 minimum. Our billing rate is $350.00 per hour and we provide all business, legal and investment advisory services for an organization. ______________________________________________________________________ Q6: What happens to the venture if the IG does NOT get the desired number of shareholders? A6: The group can continue to form and we can renegotiate a “Phase II” solicitation process based on the funds that you have now. ______________________________________________________________________ Q7: Does Dar’shun provide investment advice to organizations? A7: We provide market reporting and investment advice without holding custody of funds. A separate investment advisory contract is drafted for that part of our services. ______________________________________________________________________ Q8: What do I need to do to get started? A8: Sign up for an in person meeting to sign paperwork and set the initial meeting with Founders. A link is on the website and one will be sent to those on the initial call.