Zero Energy Smart Home Startup Needs Advice
I'm trying to buy 270 acres to develop a zero energy community of 50-75 homes in the $300-500k range. This is the community I want to raise my kids in.
Question: Should the 270 acre land purchase & site development project be a separate entity (LLC) from the engineering company? I'm trying to raise money for both, but I'm unclear of the best route to structure an investment. Any ideas?
My initial thoughts on financing: Raise $2m at a $5m valuation. $1m will buy property and develop sites. $1m will hire team and buy technology/materials. The property will be a wholly-owned subsidiary of xBuilt.
Can anyone tell me why this is a bad structure? Or suggest something better? Poke holes, please.Thanks in advance for your consideration.