Prague & Company, P.C. provides outsourced administration, tax compliance, and investor servicing to private equity firms and the investment vehicles they maintain.

Sometimes referred to as the "Back Office" of a private equity investment, these services allow the general partners, managing members, or directors to focus on their core business while at the same time feeling secure with the knowledge that their administrative, accounting, taxation, and investor servicing concerns are being handled by experienced personnel.

If need be, as investor servicer we can deal directly with the limited partners / investors in order to answer their questions regarding the taxable impact to them of their investment(s) with you.

Our private equity services can all help you reduce the costs of administering your investment vehicles while providing you with the information and reporting necessary in order to make informed decisions.

Our clients maintain hundreds of partnership and other vehicles with investments throughout the United States and around the world, with billions in committed capital.  Our tax professionals have experience with all types of partnership vehicles and the related nuances within the Internal Revenue Code. 

Among the services our Private Equity & Limited Partnership Administration group can provide are:

Accounting & Related

• Maintain accounting books and records
• Maintain capital accounts
• Track historical transactions
• Compute and analyze profit/(loss) allocations
• Calculate and administer "Waterfalls" and "Carry" provisions
• Prepare internal financial and investment reporting
• Prepare specialized reporting for dissemination to limited partners/investors
• Assist in performance modeling and related calculations

Administrative & Investor Servicing

• Maintain statutory compliance (annual reports, other required state filings)
• Manage database(s) of investors/partner and other contacts
• Manage and coordinate capital calls
• Manage and coordinate distributions to investors/partners
• Deal directly with investors/partners regarding tax implications to them and other matters

General Partner Advisory Services

• Entity structure and formation
• Assist with preparation of coherent correspondence to investors/partners
• Tax implications to general partners of waterfalls, carrys, and other types of profit allocations

Tax Services

• Prepare all federal and state filings including tax returns and investor K-1s
• Review results on a quarterly basis and provide estimated taxable income to investors
• Maintain tax basis of investments and capital accounts
• Maintain investor correspondence such as W-9 and W-8 forms and adhere to any state or foreign withholding requirements related thereto
• Advice relating to potential state franchise, excise, or other "value" taxes on the investment vehicles themselves

**The material contained on this web site is provided for information purposes only and is not intended to constitute legal or tax advice. The quality, timeliness, accuracy or completeness of any information at this web site, as well as its operation, is provided as is without representation, warranty or condition of any kind. All liability in respect of such information is disclaimed. Do not rely upon the information or apply it to your situation without first consulting Prague & Company, P.C. or other qualified professionals. Any reference or link to a third party is not an express or implied endorsement by Prague & Company, P.C. and Prague & Company, P.C. is not responsible for the materials on such linked third party web sites.