The most prominent tax characteristic of a partnership or LLC is that these entities are flow-through entities for tax purposes. Consequently, the entities do not pay taxes themselves. Rather, they report...
Hotel and hospitality acquisitions generally include additional operational concerns such as employee transitions, food and beverage operations, inventory, and guest baggage turnover, as well as franchise...
When drafting and negotiating an acquisition agreement, counsel should address potential issues arising from allegations of fraud to avoid potentially complex, time-consuming, and costly disputes after...
Understand the prescription drug discount program established under Public Health Service Act Section 340B. Read now » Related Content Life Sciences Post-Closing Price Reporting Covenant...
Do you need to understand how states are trying to protect employees from algorithmic and artificial intelligence (AI) discrimination? Read our newly published article, States Passing Laws to Prevent AI...
The management agreement (or investment management agreement) for a private equity fund provides the revenue stream for the investment and other professionals working to execute the fund’s investment program, and covers the costs of overhead for the fund’s investment manager. The management agreement is customarily a stand-alone document, but its terms may sometimes be incorporated into a fund's limited partnership agreement or other organizational document. The management agreement is a binding legal agreement, generally between the fund's general partner on behalf of the fund, and the fund's investment manager. This form management agreement provides an example of how to document the management fee and other elements of the fund and manager relationship. READ NOW »
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