There is no membership fee in the Garage Syndicate, we do not seek to make money on anything other than net profit.
The Syndicate retains its carry (10% to 20% of investor's income depending on his check) only if the investor's return on the equities exceeds the minimum allowable rate of return (hurdle rate) equal to 10%. The exit rate of return is calculated as [S/B*100% - 100%], where S is the sale price of the asset, B is the purchase price of the asset (without the setup fee).
Also the Syndicate charges a commission (setup fee) of 2% to 7%, depending on the check, to cover all expenses (legal, accounting, tax, commercial, etc.), it is not the Syndicate's earnings. These costs are shared proportionally among the participants, there are no management or other additional fees.
This ensures full transparency and 100% coincidence of investors' interests.