Correspondence 0001104659-24-085983 from YSMD, LLC (CIK 0001948667)
YSMD, LLC (CIK 0001948667)
Date: Aug. 5, 2024 · CIK: 0001948667 · Accession: 0001104659-24-085983
AI Filing Summary & Sentiment
File numbers found in text: 024-12008
Letter
Office of Real Estate & Construction Division of Corporation Finance Securities and Exchange Commission Washington, DC 20549 Offering Statement on Form 1-A Post Qualification Amendment No. 11 Filed July 19, 2024 File No. 024-12008
Re: YSMD, LLC
Dear Ms. Kim and Mr. Regan:
We acknowledge receipt of comments in your letter of August 2, 2024 regarding the Offering Statement of YSMD, LLC (the “Company”), which we have set out below, together with our responses.
Post Qualification Amendment on Form 1-A Plan of Operations, page
1. Refer to prior comment 4. We note you continue to reference fully subscribed equity subscriptions and subscriptions receiveable. Please explain these terms clearly. Also explain how these amounts correspond to “amounts” raised as disclosed on page 46.
Response: The Company has subscriptions for its Series interests of $1,302,012.00 as of June 30, 2024. In the Company’s financial statements and in accordance with applicable accounting standards, the subscription receivable number reported in the financial statement were the subscription held in a North Capital escrow account, as subscription receivables. For clarity we have removed the term “fully subscribed
If you have additional comments or questions, please feel free to contact me at jill@crowdchecklaw.com.
Sincerely,
/s/ Jill Wallach
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CORRESP
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Kellie Kim
Ruari Regan
Office of Real Estate & Construction
Division of Corporation Finance
Securities and Exchange Commission Washington, DC 20549
August 5, 2024
Re: YSMD, LLC
Offering Statement on Form 1-A
Post Qualification Amendment No. 11
Filed July 19, 2024
File No. 024-12008
Dear Ms. Kim and Mr. Regan:
We acknowledge receipt of comments in your letter of August
2, 2024 regarding the Offering Statement of YSMD, LLC (the “Company”), which we have set out below, together with our responses.
Post Qualification Amendment on Form 1-A Plan of Operations, page
46
1.
Refer to prior comment 4. We note you continue to reference fully subscribed equity subscriptions and subscriptions receiveable. Please explain these terms clearly. Also explain how these amounts correspond to “amounts” raised as disclosed on page 46.
Response: The Company has subscriptions for its
Series interests of $1,302,012.00 as of June 30, 2024. In the Company’s financial statements and in accordance with applicable accounting
standards, the subscription receivable number reported in the financial statement were the subscription held in a North Capital escrow
account, as subscription receivables. For clarity we have removed the term “fully subscribed
If you have additional comments or questions, please feel free to contact
me at jill@crowdchecklaw.com.
Sincerely,
/s/ Jill Wallach
Jill Wallach
Counsel
CrowdCheck Law LLP
Cc: Shannon Menjivar, Securities and Exchange Commission
Pam Long, Securities and Exchange Commission
Qian Wang, YSMD, LLC