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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 o...

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.  

The difference would only come if there were offsetting fees that would reduce the base management fees. The base management fees would be calculated from what is stated within an LPA.

The difference would only come if there were offsetting fees that would reduce the base management fees. The base management fees would be calculated from what is stated within an LPA.