Dublin Startup Attorneys & Lawyers

Key Takeaways

• A carried interest provision gives fund managers (general partners) a share of profits—usually around 20%—as an incentive, even with little or no capital invested.
• This compensation is often taxed at the long-term capital gains rate (typically 20%), rather than as ordinary income, creating ongoing policy debate.
• Carried interest is only earned after limited partners are repaid their initial investment and any preferred returns, often subject to hurdle rates and catch-up clauses.
• Structures vary: Deal-by-deal carry allows early payouts to GPs on individual wins, while whole-fund carry requires total fund performance to meet return thresholds.
• Reform efforts have repeatedly targeted carried interest tax treatment, but significant changes have yet to be enacted by Congress.

What Is Carried Interest?

Carried interest, also known as carry, is a share in the profits that general partners receive in compen

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Key Takeaways

• Delaware LLCs offer unique privacy protections, including the ability to form an anonymous LLC where member and manager identities are not publicly disclosed.
• The state’s business-friendly regulations and the ability to form LLCs without a physical office or in-state operations make it an attractive choice for businesses seeking privacy.
• Delaware LLCs are subject to pass-through taxation, meaning income is taxed at the member level, not at the entity level.
• By using a registered agent, Delaware LLCs can enhance anonymity and confidentiality, ensuring that no personal or business addresses are made public.

What Is a Delaware LLC?

A Delaware LLC, or limited liability company, is a type of business entity created by filing the Certificate of Formation with the Delaware Secretary of State. It creates a legal existence separate from its owners. Owne

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Key Takeaways

• Choose a specific transportation niche (e.g., freight, passenger, non-emergency medical).
• Comply with federal and state regulations including permits, insurance, and licenses.
• Budget for startup costs such as vehicles, insurance, and staffing.
• Prioritize marketing, including partnerships and online strategies, to grow the business.
• Technology, such as GPS and dispatch software, can improve efficiency and customer service.To start a transportation business, you will need to decide which type of business you intend to create. Options include: a taxi service, bike rental, limousine service, owner/operator trucking, moving company, specialized transportation service, livestock transportation, transporting boats, air transport, marine shipping, medical transport or services for seniors. The type of company you use to establish should be determined based, among other things, on the need and competition in the area you decide

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