The Sacramento Angels investment group expects to do more deals with a new investment structure that has attracted more investor participation. The group last year changed into a multi-class limited liability corporation, a structure which simplifies record-keeping, investing and taxes.
Sacramento Angels, which has been around since 2000, was previously structured loosely, with its individual angel investors deciding whether to invest in companies. If they did invest, they invested personally and wrote a check.
With the new multi-class LLC, the angels who choose to invest go in as a limited liability operating group. That means investors can invest less in any given company, and therefore invest in more companies, diversifying their risk, said John Peters, chairman of the Sacramento Angels. Continue reading on the Sacramento Business Journal Website.