The typical private fund is organized as a limited partnership or limited liability company that is managed by a general partner or manager. The fund manager is usually compensated in three ways – an annual management fee...more
6/14/2013
- Fees Fund Managers Limited Partnerships LLC Private Funds
Entity conversions are a relatively new phenomena. The legislature first provided for conversion in 1999 when it enacted AB 197 (Ackerman). The conversion of partnerships and limited liability companies to other types of...more
6/12/2013
- Corporate Conversions LLC Partnerships
As discussed in prior posts, “transacting intrastate business” is not the same as “doing business”. See You may Be Doing Business in California Even When Not Transacting Intrastate Business. The former is what determines...more
5/6/2013
- Franchise Tax Board LLC Voidable
According to the website, the California Governor’s Office of Business and Economic Development (GO-Biz) was created ”to serve as California’s single point of contact for economic development and job creation efforts”. While...more
1/2/2013
- LLC
