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Using Decile Hub

How can a VC fund manager generate the schedule K-1 forms for their limited partners in Decile Hub?

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Dec 12, 2023
In the United States, venture funds are legally required to send each LP a schedule K-1 tax document every year by March 15, and many platforms (like AngelList) generate these documents automatically (https://learn.angellist.com/articles/schedule-k-1).

How does this work in Decile Hub?
1 answer
Accepted Answer
Dec 12, 2023
Enduring VC Firms work with specialized VC tax firms to produce documentation like K-1s for each of their LPs. It's very important that there is a separation between the tax firm and the fund administrator to reduce potential conflicts or ethical dilemmas that may come up during this process.

Once the K-1s are prepared by the tax firm they get shared with the Decile Partners tax group for review. This way, there is a check and balance prior to distribution to LPs. Finally, the tax documents are added in the LP's portal by uploading them in the appropriate Decile Pro Folders in the Files section in Hub. The LP can the download the K1s and various reports at decilepro.com.  

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