Sale of LLC Interests

When developer, JK Monarch LLC, asked us about bringing in investment funds to enable the entitlement process of certain plats, we worked with the developer to create an LLC for this purpose. The result was an offering of $1,000,000 of interests in the LLC, that included an initial contribution and quarterly capital calls. The LLC sold the interests to five investors, and is on target to complete the project and make payments as promised to the investors.