Forming Entities for Investment and Development Companies

Mr. Michelsen is routinely engaged in forming limited liability companies for investment and development company clients that include investors as members for the acquisition of real estate projects. The work includes preparation of the governing document, to include the profit participation of the promoter of the company, as well syndication of the equity interests in the company. The syndication work involves appropriate disclosures within the governing document as well as preparation of subscription agreements and private placement memoranda. The firm’s work on the syndication of the company involves close coordination and cooperation with the attorneys for the investors, with the ultimate goal to complete the formation of the company to purchase a real estate project. The firm’s staff also completes electronic closing notebooks relating to the formation of the company and the purchase of a project and sends them to the client for their records.