There are many tax considerations to take into account when preparing to launch your family office fund.

From formation to operations, below are the critical situations that require a fund tax advisor's guidance: 

Choice of Entity

Before the circulation of your private placement memorandum, your fund tax advisor can provide key input on your formation documentation to help you navigate and anticipate potential tax consequences.

Setting Up Shop

Building your team and raising money is a full-time job. To alleviate the administrative burden, work with advisors who integrate financial and tax reporting with customized operational solutions, based on your fund’s unique set of terms, complexities, reporting requirements and distributions.

General Partner Economic Optimization

Does your partnership agreement consider potential tax implications? Get in front of allocations with an advisor that aligns tax considerations to determine the distributions; considering the big picture and working with your situation to proactively avoid pitfalls.

Stakeholder Tax Planning

Early financial decisions for your firm can affect not just the bottom line, but also general partners’ and investors’ tax situations. Integrating planning strategies for all stakeholders adds value and efficiencies beyond tax throughout the life cycle of the fund.