Trying to prosper in Masschusetts
September 27, 2012 5:22 PM Subscribe
How can I use Prosper.com to invest while living in Massachusetts?
MA does not allow Prosper or Lending Club to operate in the state. Is there a way for me to take part? If I spend a couple hundred bucks forming an out of state corp could I invest via that vehicle?
MA does not allow Prosper or Lending Club to operate in the state. Is there a way for me to take part? If I spend a couple hundred bucks forming an out of state corp could I invest via that vehicle?
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Institutional investors (corporations) are allowed to use either site but there is additional scrutiny. You'd probably have to ask Prosper or Lending Club institutional services if they'll accept an out-of-state corporation that has nexus in MA.
posted by michaelh at 7:24 PM on September 27, 2012