Equity Share With Meaning In Nevada

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

Description

The Equity Share Agreement outlines the collaboration between two investors, Alpha and Beta, to jointly purchase residential property as an investment in Nevada. This document details essential aspects such as the purchase price, down payment contributions, and the financing arrangement, ensuring clarity in the financial obligations of each party. A significant feature of this agreement is the formation of an equity-sharing venture, defining how profits and responsibilities are divided, including maintenance and repair obligations. It specifies the distribution of proceeds upon sale of the house, ensuring both parties benefit from property value appreciation. The agreement also addresses important contingencies, such as the death of a party and the procedure for resolving disputes through arbitration. Target users, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find this form particularly useful for establishing clear and structured financial arrangements in real estate investments. It serves to minimize conflicts and enhance communication between parties by explicitly stating rights, duties, and processes involved in the equity-sharing arrangement.
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FAQ

NRS 78.315 - Directors' meetings: Quorum; consent for actions taken without meeting; alternative means for participating at meeting.

NRS 164.725 Notice of proposed action: Authorized; to whom notice must be sent; content; objection to proposed action; limitations on liability; court order to take action over objection; burden of proof; notice when action not taken.

Nevada Revised Statutes (NRS) are laws that are enacted by the legislature. The primary laws that govern real estate are listed below. Changes to these laws may only be made through legislative action. You can follow changes to these laws by visiting the Nevada Legislature website.

Equity shares are long-term financing sources for any company. These shares are issued to the general public and are non-redeemable in nature. Investors in such shares hold the right to vote, share profits and claim assets of a company.

NRS 82.271 Meetings of board of directors or delegates: Quorum; consent to action taken without meeting; alternative means for participating at meeting.

A majority of states require corporations to create and maintain bylaws. Although Nevada is one of the few states that doesn't require corporations to adopt bylaws, it's highly recommended to adopt and customize bylaws for the success of your company.

The Initial List contains the names and titles of officers and directors (corporations) or managing members or managers (limited-liability companies). All organizations are required to file an Initial List at the time of filing the formation document, and an annual list of the management annually thereafter.

The first-time filing is called the Initial List. Following filings are called Annual Lists. The form is slightly different, but basically it asks for the same information (name of Resident Agent, company name, filing number, filing period, names and addresses of officers, directors or managers/members).

NRS 78.315 Directors' meetings: Quorum; consent for actions taken without meeting; alternative means for participating at meeting. NRS 78.320 Stockholders' meetings: Quorum; consent for actions taken without meeting; alternative means for participating at meeting.

These laws provide that a person acquires a “controlling interest” whenever a person acquires shares of a subject corporation that, but for the application of these provisions of the NRS, would enable that person to exercise (1) one fifth or more, but less than one third, (2) one third or more, but less than a majority ...

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Equity Share With Meaning In Nevada