Previous Post
Next Post
1

Asked by

Community Member

on

in

Decile Hub

Filing & reporting in USA / CA for a European LP

We are in negotiatons with a European LP who is asking "We need to assess the regulatory and tax consequences on our side as a (Swiss) FINMA supervised manager". They want to know what filing/registration/reporting duties they might have in the USA: “How the adviser is set up in the US (exempt reporting adviser status, California filing) or whether this is covered by the platform.” Thanks for your help, Gert

1 See in Base
0

Answered by

Community Member

on

Foreign LPs typically do not have filing requirements in Delaware venture funds. This is because venture funds don't invest in (or should avoid investing in) pass through structures that have activity such as dividends. As a result, capital gains are typically sourced locally.

Join VC Lab

Raising your first fund? VC Lab has helped launch 1000+ venture firms, with no fees and no equity taken. The average Start Fund reaches first close in 58 days.
Apply Now