Equity Share Statement With Interest In Chicago

State:
Multi-State
City:
Chicago
Control #:
US-00036DR
Format:
Word; 
Rich Text
Instant download

Description

The Equity Share Statement with Interest in Chicago is designed for individuals entering an equity-sharing agreement, particularly in real estate investments. This form outlines the responsibilities and financial commitments of two parties—Investor Alpha and Investor Beta—who wish to invest in a residential property. Key features include detailed sections on purchase price, down payments, financing terms, and the distribution of proceeds from the sale of the property. It allows for flexibility in contributing additional capital and defines the occupation rights and maintenance duties of the parties involved. Importantly, the form includes clauses concerning the death of a party, mandatory arbitration for disputes, and the severability of provisions. Filling out this form requires clear documentation of each party's contributions, ensuring both parties acknowledge their share and responsibilities. This document is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it serves to formalize agreements, protect interests, and clarify the legal framework governing the equity-sharing venture.
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FAQ

How to prepare a statement of owner's equity Step 1: Gather the needed information. Step 2: Prepare the heading. Step 3: Capital at the beginning of the period. Step 4: Add additional contributions. Step 5: Add net income. Step 6: Deduct owner's withdrawals. Step 7: Compute for the ending capital balance.

A Statement of Economic Interest (FORM 700) is a state form on which state and local government officials publicly disclose their personal assets and income that may be materially affected by their official acts.

The Political Reform Act ("PRA"), also known as the Conflict of Interest Code, requires designated public officials to file a Statement of Economic Interests ("SEI"), Form 700 (aka Conflict of Interest Statement). The purpose is to disclose assets and income which may be materially affected by their official actions.

The following are deemed to be economic interests from which conflicts of interest can arise: Business Investment. Business Employment or Management. Real Property. Sources of Income. Gifts. Personal Financial Effect.

Economic Interest means a person's right to income, losses, deductions, credit, or similar benefits from a company, but does not include any other rights of a member, including voting rights or participation in management. Seen in 50 SEC filings.

The Statement of Economic Interests must be filed with the County Clerk and a printed receipt attached to such filings. Candidates seeking a duplicate receipt for a previously filed Statement of Economic Interests for the same calendar year and same unit of government may print the online receipt as a duplicate.

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Equity Share Statement With Interest In Chicago