Profit and Loss Allocation Provisions in a Real Estate Joint Venture Agreement (Traditional Allocations) | Practical Law

Profit and Loss Allocation Provisions in a Real Estate Joint Venture Agreement (Traditional Allocations) | Practical Law

Capital account and profit and loss allocation provisions that can be used in a limited liability company (LLC) operating agreement or partnership agreement for a real estate joint venture. These Standard Clauses follow the traditional or "layer cake" allocation method. These Standard Clauses have integrated notes with important explanatory and drafting tips.

Profit and Loss Allocation Provisions in a Real Estate Joint Venture Agreement (Traditional Allocations)

by Practical Law Real Estate, with Will S. Becker, O’Melveny & Myers LLP
Maintained • USA (National/Federal)
Capital account and profit and loss allocation provisions that can be used in a limited liability company (LLC) operating agreement or partnership agreement for a real estate joint venture. These Standard Clauses follow the traditional or "layer cake" allocation method. These Standard Clauses have integrated notes with important explanatory and drafting tips.