The following guidance has been built to reply your questions concerning formation of an LLC and to help in case study solution filing of case study answer Articles of Organization. Department of State staff cannot deliver legal advice, though, they can be found to help in answering questions about filing LLC documents. Please touch case study solution Department of State, Division of Corporations, State Records and Uniform Commercial Code, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231 or a consultant at 518 473 2492 or email us with any questions you could have. An LLC is an unincorporated company association of one or more persons who’ve restricted liability for case study solution contractual obligations and other liabilities of case study answer business. The Limited Liability Company Law governs case study answer formation and operation of an LLC. An LLC may arrange for any lawful company intention or purposes. REIT status is also reserved for larger pools of investors. To qualify as a REIT, an organization must be organized as a company and must have at least 100 shareholders. No five individuals can own greater than 50% of any REIT’s shares, and prefer most agencies, REIT control needs to be performed by a board of administrators or trustees. Finally, REITs are required to pay out most of their income to their shareholders. If an organization does not pay out at least 90% of its taxable income as shareholder dividends annually, then it cannot be a REIT. When new REITs in the beginning form, they typically obtain capital from buyers and seek to build up a portfolio of real estate homes that fits with case study solution intended purpose for that certain real estate funding trust, by means of a mix of acquiring present houses and building new ones.