5 ms·

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 the

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