Real Estate Syndication Software for California GPs
California represents the largest real estate market in the United States, with nearly 40 million residents and property values that lead the nation. While the Golden State doesn't allow domestic Series LLC formation, sophisticated California GPs typically form Series LLCs in Delaware and register them as foreign entities in California. This structure, combined with California's deep pool of accredited investors concentrated in Los Angeles, San Francisco, and San Diego, creates substantial syndication opportunities despite the state's higher regulatory burden.
California Syndication Compliance
Key Compliance Points
- Uses Delaware Series LLCs registered as foreign entities
- $800 annual minimum franchise tax per LLC
- Form D notice filing within 15 days ($300 fee)
- DFPI processes filings in 2-4 weeks
California Real Estate Market for Syndicators
Key metrics for syndication opportunities in California.
Market Highlights
Median home price $785K (highest in target states)
Average cap rates 4.5% (compressed due to values)
Year-over-year appreciation 2.1%
Deep accredited investor pool in tech hubs
California Syndication Compliance Requirements
Essential legal and regulatory information for raising capital in California.
Series LLC Formation
Not AvailableCalifornia does not allow domestic Series LLC formation. Most syndicators use Delaware Series LLCs registered as foreign entities.
Blue Sky Filing
RequiredCalifornia Department of Financial Protection and Innovation requires Form D notice filing.
SEC Regional Office
Los Angeles Regional OfficeMajor Markets in California
Explore syndication opportunities in California's largest metros.
Frequently Asked Questions
Common questions about real estate syndication in California.
California doesn't allow domestic Series LLC formation, so syndicators form in Delaware (which pioneered Series LLCs in 1996) and register as foreign entities in California. Delaware's Court of Chancery also provides business law expertise that California lacks.
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