UMAX 0011 JV pending! Read >> Contractor Agrees to Joint Venture with UMAX
Company agrees with its Utah general contractor joint venture partner to establish a licensed contractor company in Las Vegas under the reciprocation laws governing a General Contractors license. UMAX will form a 100% owned subsidiary (LLC) entity in the coming months. Which will managed by both parties under the operating agreement of the LLC to initiate in the future, land developments, hydroponics and agriculture buildings and structures. Due to the in house general contractors license the cost of construction and development will be significantly reduced (Cost savings on operations and bids). It will also help with any other future development UMAX and the GC wish to undertake as partners
This time line is immediate, however, due to regulatory compliance it is expected to be completed in the coming months of August to Dec 2015, in the meantime UMAX will work with said General Contract (Harmony Homes, Utah) to look for joint venture and land owners to further grow the company in Utah. UMAX development LLC will continue to look for assets and construction projects that generate cash flow and creation of JOB in the future.
