K E. Johnson law assists clients in preparing documents required under the Securities Act (e.g. an offering memorandum) for selling securities to the public and disclosure statements for selling a shared interest in real estate. See blog for a discussion of the distinction between a security and real estate. Documents for both sale of securities and real estate require verification of underlying facts (e.g. ownership of land, patents, etc.) and need to be clear and concise. An offering memorandum, while not requiring the same level of detail as a prospectus, requires balanced disclosure of the proposed investment and risks. Other documents – such as sales material – while not required to be in a particular form should be carefully reviewed to ensure that the material is not misleading or does not make unsubstantiated claims (e.g. guaranteed return, etc.).