Nebraska Activity #124249, 1.0 hour CLE
Choosing the right entity for a real estate project involves consideration of sophisticated business and tax law issues. These and other factors may vary depending on the type of project – a development for resale, a long-term income property, or something else – and whether your client is an individual or an entity. Operational flexibility must be weighed against certainty and tax optimization against non-tax objectives. The traditional model of an institutional general partner and individual limited partners often gives way to more flexible – and easier to organize – LLC structures. This program will provide you with a framework for assessing the range of entity alternatives for a real estate transaction depending on the nature of the underlying deal, discuss the tradeoffs of each, and provide practical tips for structuring the entity chosen.
- Business and tax considerations in choice of entity for real estate
- Choice of entity depending on type of deal – development projects, income properties, resale deals
- Consideration of LLCs v. S Corps v. C Corps, GP/LP structures, and the use of trusts
- Tax impact of formation, distributions and dissolution on real estate entrepreneurs
- Like-Kind Exchange considerations for choice of entity
- Practical structuring issues – information, control, payments, dissolution
Manuel A. Fernandez is partner in the Miami office of Akerman, LLP, where he has an extensive real estate practice representing commercial mortgage lenders, developers, and institutional and non-institutional investors in connection with the acquisition, development, financing, leasing and management of commercial and residential real estate assets and distressed real estate transactions. He also represents hedge funds, pension funds, and other real estate opportunity funds in connection with joint ventures. Mr. Fernandez received his B.A., cum laude, from the University of Miami and his J.D., magna cum laude, from the University of Miami School of Law.
Richard R. Goldberg is a retired partner, resident in the Philadelphia office of Ballard Spahr, LLP, where he established an extensive real estate practice, including development, financing, leasing, and acquisition. Earlier in his career, he served as vice president and associate general counsel of The Rouse Company for 23 years. He is past president of the American College of Real Estate Lawyers, past chair of the Anglo-American Real Property Institute, and past chair of the International Council of Shopping Centers Law Conference. Mr. Goldberg is currently a Fellow of the American College of Mortgage Attorneys and is a member of the American Law Institute. Mr. Goldberg received his B.A. from Pennsylvania State University and his LL.B. from the University of Maryland School of Law.
To Register:Cost $89.00
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Sara Weber, Nebraska State Bar Association
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