EX1A-12 OPN CNSL.1 7 ooof_ex12.htm OPINION RE: LEGALITY ooof_ex12.htm
EXHIBIT 12
 
 

Eugene Trowbridge, CCIM

Partner

____________

 

Jillian Sidoti, CCIM

Partner

____________

 

Nancee Tegeder

Associate Attorney

 

Jonathan Nieh

Associate Attorney

 ____________

 

____________

 

Mailing Address:

 

38977 Sky Canyon Drive

Suite 101

Murrieta CA, 92563

 

Email:

company@crowdfundinglawyers.net

 

Office:

(323) 799-1342

 

Website:

www.CrowdfundingLawyers.net

 

February 14, 2020

 

Re: Offering Circular for Own Our Own Fund I, LLC on Form 1-A

 

To whom it may concern:

 

I have been retained by Own Our Own Fund I, LLC (the "Company"), in connection with the Offering Circular (the "Offering Circular") on Form 1-A, relating to the offering of 50,000 Class A Membership Interests to be sold. You have requested that I render my opinion as to whether the securities proposed to be issued on terms set forth in the Offering Circular will be validly issued, fully paid, and non-assessable. The purchasers of the securities will have no obligation to make payments to the Company other than the price for the securities. Purchasers will not have any obligations to creditors of the Company due to the purchasers’ ownership of the Preferred Membership Interests.

 

In connection with the request, I have examined the following:

 

 

1. Articles of Organization of the Company;

2. Operating Agreement of the Company; and

3. The Offering Circular

I have examined such other corporate records and documents and have made such other examinations, as I have deemed relevant.

Based on the above examination, I am of the opinion that the securities of the Company to be issued pursuant to the Offering Circular are validly authorized and will be validly issued, fully paid and non-assessable.

 
 
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I hereby consent to the filing of this opinion as an exhibit and to the Offering Circular and to the reference to our firm under “Experts” in the related Offering Circular. In giving the foregoing consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act, or the rules and regulations of the Securities and Exchange Commission.
 
Sincerely,
 
/s/
Jillian Ivey Sidoti, Esq.
 
 
 
 
38730 Sky Canyon Drive, Ste A, Murrieta, CA 92563
 
 

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