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That's not surprising -- those companies are all using their attorneys for registered agent services, and the law firm states that they specialize in energy com
by dmeeker 8y ago
That's not surprising -- those companies are all using their attorneys for registered agent services, and the law firm states that they specialize in energy companies -- both transactions and litigation.
It appears that the developers of solar projects follow the same pattern of real-estate developers: each project gets its own LLC, which allows them to contain any potential liability for the project, as well as sell ownership interests in the LLC to raise the funds for the project.
Per your linked article (and easily confirmable through public records), the Jackpot* series are all projects of Robert Paul of Alternative Power Development who has been quoted in the Idaho press about solar for the last decade.
- dmix 8y ago> each project gets its own LLC, which allows them to contain any potential liability for the project Interesting. That's a great idea for any fixed time + capital intensive projects. Keeps the structure, ownership, and responsibilities clean for a small amount of legal/paperwork.
- tracker1 8y agoA lot of rental properties do the same. Each property is its' own LLC to minimize potential liability/risk.
- ABCLAW 8y ago>Each property is its' own LLC to minimize potential liability/risk. The individual SVP structure for rental properties is primarily used to avoid land sale taxes. Sell the shares, not the building/land etc. to benefit from a different tax regime.