# What’s the difference between REALD Token Inc. and REALD Token LLC?

In order to conduct a business to offer real estate worldwide, REALD has created a separate entity, also Delaware-registered, named REALD Token LLC. It is a master or if you will, umbrella, company. It does not own any other LLC or other business entity, nor any property. Its primary value is to simplify and lessen the complicated and costly legal process incumbent in providing what is characterized by US authorities to be an investment security offering, which each property we offer is deemed to be. (So, for example, rather than having a nearly 100-page private placement memorandum for each offering, one master ppm is required and each following offering requires only a much shorter amendment.)


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