The internet and social media have changed the way people communicate in a vast number of ways. They also offer numerous opportunities—and hazards—for investors. Securities laws and regulations have struggled to keep up with new technologies. A process known as “crowdfunding,” by which individuals and businesses solicit small donations from the general public for specific […]
How do you characterize vacant and unproductive land that is not used for personal enjoyment nor in furtherance of any trade or business purpose? As we described in a prior article, for property to qualify for a Like-Kind Exchange the real estate investor must hold it for productive use in a trade or business, or […]
California real estate investors have many options when deciding where to put their money. This includes a real estate syndicate, in which investors contribute money to a real estate project under the management of a syndicator or sponsor. Since a real estate syndicate investment often involves buying ownership equity in a business entity, such as a limited partnership or […]
If you have sold or purchased a home recently, you might be under the impression that real estate commissions—the price to engage a real estate broker—are fixed or otherwise set by law in different geographic markets. They aren’t—to do so amounts to price-fixing, which is a per se violation of the antitrust laws. Like any […]
Real estate syndicates in California offer investors a way to invest in real estate projects under the management of a syndicator, also known as a sponsor. The syndicate itself may use one of several different business forms under California law, such as a corporation or a limited partnership. The individual investors own a portion of the syndicate. […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Michael Prange of Weber & Sauberschwarz. Michael has joined IR as our exclusive Competition Law Member in Germany. “Legal Advice requires Competence and Experience The firm is located in the heart of Düsseldorf, one of the leading venues for commerce, media and advertising in […]
Bona Law PC attorneys Jarod Bona and Aaron Gott filed an amicus brief on behalf of the National Federation of Independent Businesses Small Business Legal Center in the Minnesota Supreme Court in support of property owners who challenged the Minnesota Uniform Disposition of Unclaimed Property Act (MUPA) in Hall v. Minnesota. The brief argued that the act is unconstitutional under the Takings Clause and the […]
In a recent unpublished California appellate decision, the plaintiff appealed after a bench trial was conducted on his complaint for breach of contract and breach of fiduciary duty. The case arose when one of the defendants, who’d worked as a real estate developer in Illinois for 21 years before moving to San Diego, needed seed money for […]
In a recent California appellate decision titled Ito v. Ito, the appellate court considered how to value two brothers’ respective interests in real estate they’d bought and sold. One of the brothers, a programmer, had gone into business with the other, a real estate investor, and then they fell out. The programmer sued the investor to wind things […]
Author: Luis Blanquez Luis Blanquez is a European Competition Attorney that works with Bona Law. WHAT IS AN ANTITRUST COMPLIANCE PROGRAM? An antitrust compliance program is an internal business policy designed by a company to educate directors and employees to avoid risks of anticompetitive conduct. Companies that conspire with their competitors to fix prices, share […]
Matthew Riley is an attorney with Bona Law, primarily focused on antitrust, commercial litigation, real-estate, and federal administrative law. Does property that started off as non-qualifying (i.e. primary residence), but over time has changed its character to fit a qualifying purpose fit within the requirements of Section 1031? & Does property used concurrently for both non-qualifying and qualifying purposes, for example […]
Sometimes investors in California are interested in having the flexibility of a partnership structure but are worried about personal liability. In a limited partnership, there are one or more general partners and one or more limited partners. There always needs to be at least one general partner, and the general partner or general partners will […]