Creation of an spv
C M Vyas
(Querist) 29 February 2012
This query is : Resolved
Can I form and SPV for taking up a project where the following conditions exist?
Between Pvt Ltd Co and an Individual (broker)
to take up a specific Real Estate Project. SPV will enter into the contract if the project is won.
The proposed project involves providing Group housing for employees of a Co
Broker knows the builder/ land owner
Pvt Ltd Co knows the Client Co
The project negotiation will be long drawn out process
Both parties want to insure themselves so their interests are protected. Just to be fair to each other.
Would an LLC be a better option??
Deepak Nair
(Expert) 29 February 2012
What is SPV and LLC??
Please excuse me, I posted this reply out of sheer curousity.
Raj Kumar Makkad
(Expert) 29 February 2012
sms type language is not regarded good in this section of LCI.
Murali Krishna
(Expert) 29 February 2012
SPV is one of the options. LLC can be between the builder and individual to construct the houses.
If SPV is formed, SPV has to take up the project. However, LLC has many of the features of a company, I feel LLC would be better option to safe guard interests of the partners of LLC.
Deepak Nair
(Expert) 29 February 2012
Could you please tell me what is SPV & LLC?????????????
Raj Kumar Makkad
(Expert) 29 February 2012
This query is not meant for legal experts until the words are clearly understood.
prabhakar singh
(Expert) 29 February 2012
Besides self invented abbreviations ,your query is of commercial for which a table conference with a lawyer is your need.
Deepak Nair
(Expert) 01 March 2012
Dear Querist??
do you really know what is SPV and LLC?? or you have posted this query just for a fun??
