A well drafted joint venture operating agreement prepared by an experienced commercial real estate attorney will define the parties’ roles, rights, responsibilities, contributions, and allocation of profits and losses....
Buying a business is a big step, and in Washington, the details matter. Due diligence gives you a chance to look closer at what’s working, what’s missing, and what could become a problem after closing....
Whether you are a beginning investor or expanding your real estate investment portfolio, purchasing commercial real estate in Colorado can be a smart long-term investment strategy with potentially strong returns. Navigating the legal terrain of commercial real estate purchase and sales requires more than selecting a property with consistent income—you need a strategic and legally sound approach from the start.As...
With interest rates on conventional commercial real estate loans soaring above 5%, investors are turning to creative financing to fund their deals. Creative financing in real estate involves unconventional methods of funding real estate purchases, which include: Seller Financing or Seller Carry-Back: The seller acts as the lender, allowing the buyer to make payments directly to the seller over time rather...
A 1031 exchange, named after Section 1031 of the U.S. Internal Revenue Code, is a tax deferral strategy for real estate investors. It allows an investor to sell an investment property and reinvest the proceeds into a new, like-kind property without paying capital gains taxes on the proceeds from the sale. There are several key terms in a 1031 exchange: Like-Kind Property:...
When selling real property in Washington State, there are several considerations to keep in mind: Purchase Price Determination: Setting the appropriate listing price is essential to attracting potential buyers and maximizing the property's value. Sellers may consider factors such as market conditions, comparable sales in the area, the property's condition and features, and advice from real estate professionals. Seller Disclosure Requirements: Washington...
The commercial real estate sector presents a compelling investment opportunity for individuals and entities seeking to diversify their portfolios and generate substantial returns. However, the process of purchasing and selling commercial real estate can be complex, requiring a keen understanding of various components such as negotiating deal terms, financing, due diligence, and closing procedures.Negotiating the Purchase and Sale AgreementAt the...
There are several ways to take ownership of real property, each with its own implications for ownership rights, transferability, and estate planning: 1. Sole Ownership: when one person or entity holds title to the property. The person or legal entity has full control over the property and can transfer ownership through with a legal instrument. 2. Joint Tenancy with Right of Survivorship:...
When selling your business, there are two primary methods used to structure the sale: an asset sale and a stock sale. Asset Sale Structure of DealIn an asset sale, the buyer purchases specific assets and liabilities of the business rather than acquiring ownership interest or equity in the company itself. The buyer can select the assets it wants to acquire, such as...
Employees who join startups in their beginning stages are often compensated with a salary, a signing bonus and a number of stock options, referred to as Incentive Stock Options (ISOs). Incentive Stock Options are an employee benefit that offers the employee a right to purchase the company’s stock at a discount. As the name implies, Incentive Stock Options are incentive...