May 12, 2011
Real Estate Organizations
Over at the Conglomerate, David Zaring is trying to get to the bottom of a mystery. Why are Real Estate Companies called organizations?
New York City alone has the Durst Organization, the Brodsky Organization, the Trump Organization, &c. Why are these called organizations? It's not that they aren't also limited liability companies as well. And it is the case that many non real estate firms will set up internal "real estate organizations" to manage their property. But my quick search on Westlaw and through the websites of these companies didn't reveal the reason for the fashion for the "organization" moniker. The question isn't easy to resolve via text searching ("organization" isn't very unique). So I thought I might crowd-source the question. Do our readers know the answer?
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In layman's term: "If it sounds flashy it most likely is" , or should be in this case. Not much of an answer but I like short and sweet with a bit of mystery.
Posted by: Barbara Molino | May 12, 2011 5:15:47 AM
Perhaps it is to deflect the perception that they are conspiracies.
Posted by: Kermit Lind | May 13, 2011 7:05:09 AM
I have not found an real answers on this subject matter in my research. However, I do know that often businesses will personify themselves as “Organizations” in a marketing effort. These efforts can be for multiple reasons and often are in no way meant to be “legally confusing,” rather an attempt to really separate themselves from their competition.
Posted by: Michael | May 15, 2011 3:39:46 PM