Prague & Company, P.C. performs tax planning, tax compliance, and other services for hundreds of private equity partnerships.  Whether investing in real estate, timber, securities, or any other type of asset, we specialize in helping you understand the intricacies of your investment vehicles and the ramifications of transactions to your investors.

Our tax professionals have vast experience in multi-tier LPs, LLCs, and other structures, whether they be fully venture-capital funded, a combination of equity and debt, or otherwise and if need be we can assist you to determine the proper vehicle(s) for your particular investment based on your ultimate goals and the goals of your investors.  We also have experience dealing with complex issues such as calculation of the fund "carry", or "promote" and the tax effects to both the entity and the principals.

Prague & Company, P.C. has been working with syndicated partnership investments since the 1980's, and as such we are very familiar with the differences sometimes found between investors' "inside" and "outside" tax bases, and how to equalize these and perhaps reap tax savings currently through properly timed elections under §754 of the Internal Revenue Code.

Our domestic and foreign partnership clients maintain investments around the world, from the U.S.to Australia to Hong Kong, and as such we are experienced with the U.S. reporting requirements relating to partnerships and other entities (Forms 5471, 5472, 8865, etc.) for either foreign investment through subsidiary entities or foreign ownership in entities operating in the United States.

Prague & Company, P.C. has over 20 years of experience with meeting the tax compliance needs of syndicated partnerships, producing thousands of federal and state K-1s annually.  We believe one of the most important services we can provide to our partnership clients is deliver to their investors timely and accurate income reporting information.

For General Partners who desire to outsource their accounting functions in order to gain the advantage of having qualified CPAs oversee their day-to-day accounting and provide timely and accurate reporting to both them and their investors, our Private Equity & Limited Partnership Administration group can help streamline their accounting operations. 

**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.