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Information to invest in building a South Texas Motorsports Park

When HRP goes away ,and it will go away sooner than later — it will no doubt create a void in the racing market. Seth Angel

Information to invest in building a South Texas Motorsports Park

When HRP goes away ,and it will go away sooner than later — it will no doubt create a void in the racing market. Seth Angel

Days to obtain 500 Investors as Limited Partners.

Investor owned Motorsports Park

$5000 per investor

Your investment is fully refundable at ANY time, before, during construction, or after the facility is open for business.

If the full $2.5m is not obtained when the clock runs out, ALL funds ( plus any interest generated will be divided equally between the total number of investors ) and, will be returned to the original investor(s).

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Limited Partnership

Investors will become Limited Partners

People who invest in the conception of Lone Star Raceway Park will be considered "Limited Partners. ( or LP's ) The image to the left sums up a Limited Partner's full responsibility.

The exception to this rule is those who request to be " General Partner's " or GP's, and have a GREATER responsibility.

Both LP's and GP's Own a part of the company, and are entitled to receive a share of the profits equally.

GENERAL PARTNERS

The general partner(s) oversees and runs the business while limited partners do not partake in managing the business. However, the general partner of a limited partnership has unlimited liability for the debt, and any limited partners have limited liability up to the amount of their investment.

Key Takeaways

A limited partnership (LP) exists when two or more partners go into business together, but the limited partners are only liable up to the amount of their investment.
An LP is defined as having limited partners and a general partner, which has unlimited liability.
LPs are pass-through entities that offer little to no reporting requirements.
There are three types of partnerships: limited partnership, general partnership, and limited liability partnership.
Most U.S. states govern the formation of limited partnerships, requiring registration with the Secretary of State.

PROS AND CONS

Pros

Personal liability protection for limited partners
Pass-through entity for taxation (i.e. only taxed once unlike C-corp)
Ease of creation and reporting (e.g. no required annual meetings)
Less formal structure
No self-employment taxes for limited partners

Cons

GPs have unlimited personal liability (although they also have management control of the LP)
Limited partners limited in management participation
Ownership can be harder to transfer than other entities, such as an LLC
Not as flexible for changing management roles

Contact Us/Banking Information $5,000 per Investor

Currently only commitments to participate as a LP are needed. Once 500 commitments are secured,

Crowd Funding of a Motorsports Park.

Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. Lone Star Raceway Park LP and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.

Crowd Funding of a Motorsports Park in South Texas

Information to invest in building a South Texas Motorsports Park

Information to invest in building a South Texas Motorsports Park

Days to obtain 500 Investors as Limited Partners.

Site Content

Legal Outline for Investors - Limited Partnership ( LP )

Agreement Documents ( Tentative Agreement )

TYPES of Limited Partners

INVESTOR PAYMENT INFORMATION

Facility Venues