SPECIAL EVENT (Commercial Transactions & Entities) - Ft. Lauderdale
Wednesday, March 20, 2013 from 9:00 AM to 4:00 PM (EDT)
Ft. Lauderdale, FL
Two 3-hour seminars will be presented in one day. When you register for both at a discounted rate, a complimentary lunch is included. Lunch will be from 12:00 p.m. to 1:00 p.m. during the break between seminars. Topics are:
Not Quite Human: Dealing with Entities Involved in Real Property Transactions (9:00 to 12:00) - Calvin Coolidge said “[t]he chief business of the American people is business. They are profoundly concerned with buying, selling, investing and prospering in the world.” As real property practitioners know, the public records are full of transactions involving business entities. Between general partnerships, limited partnerships, corporations and limited liability companies, there are myriad ways to hold title to real estate, and there are significant differences in how each entity conducts its business; and how each holds, conveys, finances and uses its real property. Not Quite Human is a “basic skills” seminar, where we will discuss attributes of each type of entity including management structure and voting; what the standard commitment clauses relating to each entity mean; and how to meet those requirements. Title considerations applicable to real estate transactions involving domestic and foreign corporations, general and limited partnerships and limited liability companies will be examined. Practical tips will be given on ensuring compliance in the transaction through the proper use of documentation, such as resolutions and affidavits. This seminar is approved for continuing education with The Florida Bar, NALA, and DFS.
Due Diligence in Commercial Transactions (1:00 to 4:00) - Preparing for and completing the due diligence requirements for commercial real estate is often the most daunting and time consuming portion of the transaction. This seminar is designed to assist practitioners with organizing the various due diligence duties associated with closing a commercial transaction, including the requirements imposed by the title insurance underwriter, lender, and client. A discussion of advanced title insurance and survey topics will feature prominently, in addition to casualty insurance requirements, environmental review, and zoning and land use topics. The seminar will also provide guidance on negotiating due diligence terms in the contract, including what items to specifically request, determining time periods for due diligence, and providing for remedies when needed items are not timely produced. Finally, the course will discuss engagement letters in the commercial transaction – answering the most important questions facing the transactional attorney – what is the scope of work to be performed and how to get paid for it. This seminar is approved for continuing education with The Florida Bar, NALA, and DFS.
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