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Simple English definitions for legal terms

direct-participation program

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A quick definition of direct-participation program:

A direct-participation program is a way for people to invest their money in a project or business. Instead of buying stocks on a stock exchange, investors buy securities directly from the program. This type of investment can have tax benefits for the investors.

A more thorough explanation:

A direct-participation program is a type of investment that is funded through the sale of securities that are not traded on an exchange or quoted on NASDAQ. This type of investment provides flow-through tax consequences to the investors, meaning that the investors are responsible for paying taxes on the income generated by the investment.

  • Oil and gas partnerships
  • Real estate investment trusts (REITs)
  • Equipment leasing programs

Oil and gas partnerships are a common example of a direct-participation program. Investors can purchase a share in an oil or gas well and receive a portion of the profits generated by the well. These profits are considered income and are subject to taxation.

Real estate investment trusts (REITs) are another example of a direct-participation program. Investors can purchase shares in a REIT, which owns and manages income-producing real estate properties. The income generated by the properties is distributed to the investors, who are responsible for paying taxes on the income.

Equipment leasing programs are a third example of a direct-participation program. Investors can purchase shares in a program that leases equipment to businesses. The income generated by the equipment leases is distributed to the investors, who are responsible for paying taxes on the income.

These examples illustrate the concept of a direct-participation program, where investors purchase shares in an investment vehicle that generates income. The income is then distributed to the investors, who are responsible for paying taxes on the income.

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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