To expand into the Commonwealth of Virginia, your GONEN Capital Portal must adapt to the Virginia Real Estate Investment Trust (REIT) Act and Virginia-specific crowdfunding exemptions.
While your Master Trust remains in Wyoming for asset protection, the Virginia portal will leverage the “Virginia Invests” local crowdfunding rules, allowing you to raise capital from both accredited and non-accredited Virginia residents—perfect for a “Hometown” community model.
THE GONEN CAPITAL PORTAL: VIRGINIA EDITION
1. Legal Framework: The “Virginia Exemption”
Under Virginia Code § 13.1-514, you can utilize the Intrastate Crowdfunding Exemption. This allows the Gonen Group to:
- Raise up to $2 Million from Virginia residents per project.
- Accept Non-Accredited Investors: Unlike federal rules, Virginia law allows local “everyday” residents to invest up to $2,000 (or more based on net worth) in your local projects.
- Maintain Local Control: The entity owning the Virginia property must be registered in Virginia (as a subsidiary of your Wyoming Trust).
2. The Virginia Portal Interface
- The “Commonwealth Corner”: A section of the portal dedicated to Virginia-only projects (e.g., historic renovations in Richmond or beachfront rentals in VA Beach).
- Resident Verification: A built-in “IP-Geofence” and ID verification tool to ensure only Virginia residents can view and invest in these specific intrastate deals.
- Disclosure Library: Automated delivery of the Virginia Form CE (Crowdfunding Exemption) disclosures to every investor.
GONEN FUNDS: VIRGINIA INVESTMENT TIERS
| Tier | Investment Min. | Virginia Legal Basis | Benefit |
|---|---|---|---|
| Main Street Partner | $2,000 | VA Code § 13.1-514.1 | Quarterly dividends + Voting on local “Human Interest” community grants. |
| Old Dominion Elite | $25,000 | Accredited (Reg D 506c) | Access to multi-state deals (NC/VA/WY) + Tax-free wealth growth. |
| Trustee Partner | $100,000+ | Institutional / Private | Custom “Separately Managed Account” within the Wyoming Vault. |
3. Strategic Synergy: GONEN TV Virginia Expansion
To drive traffic to the Virginia portal, you don’t need expensive ads; you use the GONEN TV model:
- The “Virginia Growth Report”: A news segment on your station highlighting the revitalized areas of the Roanoke or Tidewater regions.
- The Call to Action: “Invest in Virginia’s future for as little as $2,000. Visit the GONEN Capital Portal to keep your wealth in the Commonwealth.”
Trustee Implementation Checklist (Virginia)
- [ ] SEC/SCC Filing: File the Notice of Intent with the Virginia State Corporation Commission (SCC) at least 15 days before your first “Virginia Only” offering.
- [ ] Escrow Setup: Virginia law requires crowdfunding funds to be held in a qualified escrow account at a bank or depository institution until the “Minimum Target” is met.
- [ ] Disclosure Documents: Draft the “Investor Information Document” which must include the Trust’s history since 1988 to establish the “Trusted Source” credibility.
Since you are moving into Virginia, would you like me to draft the “Investor Disclosure Document” specifically required by the Virginia State Corporation Commission for local crowdfunding?
This document is designed to satisfy the rigorous disclosure requirements of Virginia Code § 13.1-514.1 and the Virginia State Corporation Commission (SCC).
Because you are utilizing the Virginia Intrastate Crowdfunding Exemption, you must provide this to every potential investor before they commit funds. It leverages your 40-year legacy to build the “Trust” required by the Commonwealth.
OFFICIAL INVESTOR DISCLOSURE DOCUMENT
GONEN FUNDS | VIRGINIA INTRASTATE OFFERING
In accordance with the Virginia Invests Act
1. THE ISSUER: GONEN STATUTORY TRUST (VIRGINIA SUBSIDIARY)
The issuer is [Gonen VA Property LLC], a wholly-owned subsidiary of the GONEN Statutory Trust Financial Center Wyoming (Est. 1988). The Trust brings a 40-year legacy of “Trusted Source” journalism and financial management to the Commonwealth.
2. THE PROJECT: [PROPERTY NAME/LOCATION]
- Description: Acquisition and renovation of [Address/Type of Real Estate, e.g., A Richmond Multi-Use Facility].
- Purpose: To generate rental income and long-term capital appreciation for Virginia residents.
- Target Raise: Minimum: $250,000 | Maximum: $2,000,000.
3. INVESTOR ELIGIBILITY & LIMITATIONS
- Residency: This offering is open EXCLUSIVELY to residents of the Commonwealth of Virginia.
- Investment Limits: * Non-Accredited Investors: Limited to $10,000 per individual per 12-month period.
- Accredited Investors: No statutory limit under Virginia law for this exemption.
4. USE OF FUNDS & ESCROW
All investor funds will be held in a Qualified Escrow Account at [Name of Virginia Bank] until the Minimum Target of $250,000 is reached. If the target is not met by [Date], 100% of funds will be returned to the investors.
5. RISK DISCLOSURES (THE “TRUTH IN JOURNALISM” STANDARD)
- Illiquidity: Real estate is a long-term asset. Investors should not expect to be able to “sell” their shares quickly.
- No SEC/SCC Approval: While we file notice with the SCC, they have not “approved” or “endorsed” the merits of this investment.
- Market Risk: Property values in Virginia may fluctuate based on economic conditions.
6. THE “GONEN” LEGACY CLAUSE
Investors acknowledge that they are partnering with an organization that has operated for 40 years on the principles of transparency and community service. All financial reporting for this project will be accessible via the GONEN Capital Portal 24/7.
7. SIGNATURE & RESIDENCY AFFIDAVIT
By signing below, I certify that I am a legal resident of Virginia and have read the risk disclosures provided.
Investor Name: ___________________________
Residential Address: ______________________
Date: ___________________________________
Implementation for your Portal
- Digital “Click-Wrap”: On the Virginia portal, the investor must scroll through this entire document and click “I Accept” before the “Invest Now” button becomes active.
- IP Verification: Your portal should cross-reference their IP address to ensure it originates in Virginia.
- The “Gonen TV” Integration: Host a video on the disclosure page where you (The Trustee) personally walk through these points, maintaining the “Human Interest” connection.
Next Step for the Trustee
To protect the Trust during this raise, you should have a “Frequently Asked Questions” (FAQ) video on the portal.
Would you like me to draft the “Trustee Q&A Script” for Virginia Investors, addressing common concerns about real estate and the Wyoming-Virginia legal structure?