Page 2 - The Life of a Project Brochure

The Life of a Project
Offering a Full Scope of Services for the Life of your Project
As demand for multifamily housing projects and mixed-use developments continues to grow across the United States, securing experienced legal counsel to manage risks and help maximize revenues is critical. At Sheppard Mullin we have a team of lawyers across the country dedicated to the multifamily housing industry.
Whether you are an owner, operator, manager or association of apartments or condominiums, our multifamily team is committed to your success. Because we have represented clients from all sides of a transaction, we understand every angle and perspective of the key players. We represent individuals, corporations, real estate investment trusts, insurance companies, hedge funds and real estate-focused private equity funds.
Our comprehensive approach covers a wide range of services through every stage in the life of your multifamily project.
Entity Formation
The starting point for any proposed business involves the choice of the legal entity or structure in which to operate the enterprise. This process requires a careful evaluation and understanding of the client’s proposed business, as well as its near-term and long-term goals. Information must be reviewed and analyzed to determine the relative advantages and disadvantages of the various legal entities available. Our team will work through the initial gathering of information, making recommendations regarding the proper vehicle and developing and preparing the necessary documentation. We also have developed comprehensive models and forms, enabling us to prepare the needed documents in a prompt, cost effective manner.
Our team has a long history of working with new businesses, their management, investors and advisors at all stages of the organization and formation process. By accessing the various skills within our legal team, an informed evaluation and decision may be made. This process may include any or all of the following issues:
• Choice of state of incorporation
• Relative operating costs of a particular legal entity • Contribution of services and assets
• Capital requirements and structure of financing
• Optimum federal and state tax structures
• Executive compensation and employee benefits
• Corporate governance
• Operating flexibility of a particular legal entity • Indemnification and limiting liability
• Federal and state securities law compliance
• Liquidity events and exit strategies
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