Hedge funds and private equity funds are increasingly popular investment choices for high net worth individuals and families. While attempting to provide superior returns to their investors, many of their business practices and operating provisions may not be familiar to those investors.
We assist both the fund and its investors in providing comprehensive and understandable documents and reports. We work with the fund and its legal counsel in developing the business and financial outline of the enterprise. These are reflected in the private placement memoranda that we review and provide suggested revisions. Investor allocations and manager compensation arrangements are developed in order to provide adequate incentive to the manager while still providing the required return to the investors. Finally, ongoing results are monitored including fund performance and investor rates of return.
- Structural and Jurisdictional Planning
- Manager Compensation Planning
- Due Diligence & Investigatory Services
- Fund Accounting & Administration
- Tax Planning for Tax-Exempt and Foreign Investors
07.21.11 Harry Cendrowski and Walter McGrail author "Two Options for Tax Whistleblowers". The article compares whistleblower provisions of the Dodd-Frank Act with those contained in the Internal Revenue Code and demonstrates that, in most instances, tax whistleblowers will prefer to report issues to the Internal Revenues Service rather than the Securities and Exchange Commission.
12.01.10 John Alfonsi and Walter McGrail author "Taxation of Pass-through Entities". The article discusses income tax rules that apply to partnerships, multiple-member LLCs, S-corporations and, to some extent, REITs and RICs.
10.27.10 Harry Cendrowski and Adam Wadecki author "How Proper Incentives and Governance Create Long-Term Value." The article discusses the primary components of executive compensation plans, and the manner in which these components vary by the stage and maturity of an organization."
06.4.10 Harry Cendrowski and Jim Martin author "Proper Handling of Internal Investigations: Lessons from infoGroup" for the National Association of Corporate Directors (NACD). The article provides guidance for board members and audit committees regarding the conduct of internal investigations. It also provides detailed lessons learned from a recent SEC investigation of an audit committee chairman for his conduct in an internal investigation.
01.15.10 John Alfonsi and Walter McGrail author, "Partnerships and S Corporations: Not All Flow-Through Entities are Created Equal," in the January/February 2010 issue of The Value Examiner.