4 ms·

How is this structured legally and what are the tax implications? Have you spoken with a tax attorney about it?

• csentropy 6y ago
  It is a complex structure under the hood. There is a master LLC, holding c corp and an investment advisor. Tax implications for the founders are similar to their founder stock obligations, when liquidation happens
  • lachyg 6y ago
    Is contributing to the fund a taxable contribution? I would assume so since it's a diversifying event.
    • geoburke 6y ago
      Contribution is done through a note. Not taxable until the transfer of shares upon some liquidity/exit event in the future.
      • beambot 6y ago
        So it's a forward contract...?
        • geoburke 6y ago
          Yes, we see that as most frictionless way to accomplish this at scale
          • lachyg 6y ago
            Is there more that can be read on this somewhere? How it's taxed, what're the implications, how is it structured?
            • csentropy 6y ago
              Great questions, it will be on our FAQ page