In real estate, a joint venture brings together two parties in active investment. Most of the time, this is a very important agreement to be reached by both sides. You need to make sure your needs are met, but you also don’t want to kill a good deal. Moschetti Law Group has helped many organizations tread this fine line and make great deals for all parties. Many times the biggest concerns of clients involve one of the following:
- Making the rules extremely clear, so there aren’t any surprises later
- Establishing a fair and marketable governing document that won’t scare investors away
- Understanding how to go from the ‘rough sketch’ stage to a working and living agreement
The joint venture may be recognized as its own entity for tax purposes and would not be considered a security, nor would it be subject to securities laws. Given the potentially complicated legal nature of joint ventures, it can be helpful to have experienced real estate attorneys on your side to help clarify the capital contributions, profit distributions, and management strategy for this undertaking. Contact Moschetti Law Group to get expert legal advice on your Joint Venture today.
George and Remi had known each other since high school. Each had their own separate businesses that grew up over 13 years. Then George and Remi had an idea. There was a project they each wanted to do and each had a lot to contribute to get it done.
We worked with them to draft an agreement on how the venture would work. Each got to define their roles and make sure they understood how all the different contingencies would work.