Josh F. Desmond

Associate

Biography

Josh Desmond focuses his practice on finance and investment matters and has experience in reviewing and negotiating complex terms and conditions for public and private clients on their opportunities. He has also helped clients manage investment portfolios in dealing with real estate, venture capital, and private equity.

Previously, he served as in-house counsel to a financial service company where he reviewed and documented complex financing transactions for alternative investments. In this role, he helped the company meet state and federal compliance requirements. Josh also has experience with patent and trademark use and protection. He has also reviewed, negotiated, and advised on terms and conditions for federal and non-federal contracts and other non-financial agreements.

Representative Experience

Acted as external counsel for large real estate company in Texas and assisted with small ($1M-$10M range), mid-sized ($11M-$25M range), and large ($25M+) commercial loans, refinances, profit participations, and loan modifications
Acted as external counsel for real estate transaction involving the purchase of a $1.295M gas station and convenience store in Oklahoma
Acted as external counsel for real estate transaction involving the purchase of a $2.905M gas station and convenience store in Oklahoma
Represented student athlete in Name, Image, and Likeness transactions
Acted as external counsel for real estate 1031 Exchange (cash out refinance) transaction involving the cash out refinancing for a $1.775M hamburger restaurant franchise in Oklahoma
Acted as counsel for client selling $107,000 (or 46%) membership interest in a travel margarita truck in Kentucky
Represented clients to create a turnkey real estate virtual management business platform where they would coordinate the virtual back office for the equivalent of a VRBO
Assisted with the formation of Kentucky S-Corporation for India-based virtual management platform company, which included drafting its by-laws, assisting in formation of a Kentucky Limited Liability Company (LLC), whereby the India-based S-Corp and client’s existing S-Corp would be 50/50 owners and managers, drafting its operating agreement, drafting a service agreement allowing India-based company employees to be hired by Kentucky LLC to perform the back office management, and drafting a client agreement where any new clients would hire Kentucky LLC to perform its turnkey services
Assisted client with Texas LLC foreign registration in Oklahoma and creation of several individual LLC’s to hold real property in Oklahoma
Assisted family law practice group with the review of client real property deeds to create portfolio of real property owned for client, acquired with cash, financing, or 1031 exchange
Prepared and filed Beneficial Ownership Reports under the Corporate Transparency Act for numerous clients for compliance with the Financial Enforcement Crime Network (FinCEN)
Reviewed and provided guidance to client concerning their separation agreement under the laws of the State of Oklahoma
Drafted lease agreement for client to lease 3000 sq. feet of commercial property for their restaurant
Represented client in formation of Oklahoma limited liability company and drafted operating agreement for family farm to expand
Represented digital media client with draft of license agreement to allow client the ability to license its software to third party customers who wish to include music artist name, song title, and image of CD cover with its music streaming service
Drafted university insurance policy for student athletes
Assisted client with drafting and negotiation of a purchase and sale agreement regarding its $40M sale of university
Assisted car dealership with drafting of assignment and transfer of membership interest in dealerships newly formed and operating body shop, which included drafting an amended and restated operating agreement to change members and managers of current Oklahoma LLC, drafting resolutions allowing change of ownership and management of LLC, and authorizing assignment and transfer of membership interest
Represented the owners of an Oklahoma-based municipal water and wastewater services company in the sale of their equity interest for approximately $47 Million
Represented a veterinary clinic in the disposition of an Oklahoma-based practice, including operating assets and real estate
Drafted boarding agreement for a short term and long term horse boarding operation
Developed start up documents, including articles of organization, operating agreements, and policies and procedures for a dermatology clinic
Drafted and reviewed documents and agreements in an $85 million transaction for a healthcare staffing agency

Licensed In

Oklahoma

Education

J.D. Thomas Jefferson School of Law

B.A. University of Dayton

Related Services

Related News & Resources

Announcement

Josh Desmond Joins Steptoe & Johnson’s Oklahoma City Office

Oklahoma City, OK – Josh F. Desmond has joined the Oklahoma City office of Steptoe & Joh...

Stay informed. Sign up for our mailing lists.

Click Here