Thomas P. Ward
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Thomas (Tom) P. Ward focuses his practice on the structuring and implementation of transactions involving partnerships and limited liability companies, including private equity fund formation, portfolio company investments and representation of pension fund investors in private equity funds. He also advises clients with respect to the use of profits interests as compensation and legislative efforts to change the tax treatment of carried interests. Read Tom Ward's full bio.
By Thomas P. Ward on Apr 15, 2013
Posted In Emerging Companies & Venture Capital, Private Equity, Uncategorized
It has long been the case that venture funds (classified as partnerships for tax purposes) have insisted that limited liability companies (LLCs) taxed as partnerships convert to C corporations prior to the consummation of a venture financing. Most commonly, there are three rationales given for this requirement: (1) certain venture fund limited partners are...