Just say No to Pacaso
Connie Wilson and Larry Vermeulen Pacaso Inc is a Delaware-based real estate holdings company founded in 2020, (and doing business as Landholdings, Inc. until October of that year). They have raised a billion dollars in funding from angel investors and venture capitalists. Pacaso creates a Limited Liability Company (LLC) to purchase a home in a desirable vacation destination, then sells âsharesâ in that LLC, claiming that the shareholders are âfractional ownersâ of the property. Through this legal sleight-of-hand they claim that they are exempt from all regulat...
Source: napavalleyregister.com