How the regulations of the U.S. Securities and Exchange Commission and proper investment research can help minimize risk and protect foreign investors in the United States....
About Debbie Klis
At Ballard Spahr, LLP, Debbie Klis focuses her practice on securities, business, and tax matters. She is a partner in the firm’s Washington, D.C., office. She has experience working with investment management companies, including forming and operating EB-5 regional centers and immigration investment funds, private equity funds, hedge funds, land syndications, real estate funds, and international master-feeder structures.
Attorney Klis has particular expertise representing private companies, public companies, and real estate developers who are seeking EB-5 capital to fund their projects. She works with developers and principals to form regional centers, or to rent existing approved EB-5 regional centers. In the preparation and filing of regional center designation and amendment applications, Attorney Klis handles all legal aspects of the process. This ranges from project business plans, to securities offering documents, to corporate documents in compliance with EB-5 requirements. She also advises clients on EB-5 as an alternative source of funding.
In addition to her EB-5 work, Attorney Klis has experience with financial products, such as derivatives and global equity offerings that represent broker-dealers, investment banks, issuers, funds, placement agents, investment advisers, and others. She also advises clients on matters related to the Commodity Futures Act, the Investment Adviser Act, the Securities Act of 1933, the Investment Company Act of 1940, and the Securities Exchange Act of 1934. She is experienced in private securities offerings and investment-grade debt offerings.
Attorney Klis has structured EB-5 transactions with tax credits, such as TIF, HUD loans, revenue bonds, and low-income housing, among other private and public financing types. Her representative experience includes: a $150 million loan to a west coast solar project; a $23.5 million loan to a high-rise luxury apartment project developer in Arizona; and a $16 million loan to a housing authority for a mixed-use real estate – low-income housing development project.
Attorney Klis is actively admitted to the District of Columbia and Maryland State Bars. She received her B.S. from Santa Clara University, her Juris Doctor from Golden Gate University School of Law, and her LL.M. in Taxation from Georgetown University Law Center. She frequently speaks on topics such as EB-5 matters, writing business plans, crowdfunding, and venture capital.
Answers to EB-5 32 Questions Answered
- Can I get my investment money back if I withdraw my EB-5 application?
- What should EB-5 investors be wary about when it comes to a redemption agreement?
- What should a business owner be responsible for when using EB-5 funds?
- How can I receive dividends and maintain compliance with EB-5?
- What is the difference between the L-1 and EB-5 programs?
- How would one investor dropping out of a project affect my EB-5 application?
- Why is the EB-5 regional center program not set in place permanently?
- What documents and other materials do regional centers/project developers need to compile to be competitive in the investment market?
- What happens to the EB-5 investors if the USCIS terminates the regional center they have chosen to work with?
- For an EB-5 project, how should I go about setting up a new commercial enterprise as a subsidiary of an already existing enterprise?
- How can I set up an EB-5 project where the escrow and LLC accounts are one in the same?
- What if the EB-5 project is done before I file an I-829?
- How can a company also hire its EB-5 investors?
- What changes should EB-5 regional centers be aware of in the new policy manual?
- What happens if an investor bypasses the EB-5 regional center?
- Which way is better to attract EB-5 investors - direct or regional center?
- What personnel review the business plan portion of an EB-5 application?
- What kind of projects can receive EB-5 funding?
- How many regional centers can sponsor one EB-5 project?
- Who do we hire if want to start an EB-5 regional center?
- How much of the business must the EB-5 investor own?
- How can my brother qualify for EB-5 through my company?
- Why did I-526 denials increase in 2016?
- How does a direct EB-5 investor get a TEA certified?
- How do I evaluate an individual EB-5 project?
- How long must an EB-5 investment be at risk for?
- What guarantees can a regional center give EB-5 investors?
- What are some reasons people apply to the EB-5 program?
- How can I tell if an existing business qualifies for the lower EB-5 investment?
- What are the EB-5 rules on equity versus a loan?
- When is an EB-5 regional center required?
- What happens if an EB-5 business does not make a profit?