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Hedge, Private Equity and Venture Capital Funds

From start-up funds to established multi-billion dollar funds, our professionals have extensive experience at all levels.  We provide Formation, Audit, Tax and Consulting services to private investment funds, including a variety of fund types, operational structures, and investment compositions.  If you need a fund formed, please see FUND FORMATION.  If you are an individual trader, click here for verified tear sheets.

Audit Services:

Our firm uses innovative testing techniques and the latest technology to deliver efficiencies to our clients. Our specialized team of auditors utilize a focused audit approach, tailored to the specific needs and constraints unique to the fund, to provide timely communications and value added recommendations.

After a fund launches, the emphasis shifts to investment performance. With our financial services specialization, we are adept at handling the ever-changing operational and valuation issues of complex instruments, effectively minimizing the investment managers’ involvement in accounting and tax matters so that they are free to focus on investment performance and raising capital

Highlighted areas of service:

  • Track Record Performance Audit and Review in accordance with GIPS or the CFTC
  • Annual audited Financial Statements in accordance with GAAP or PCAOB
  • Launch Audit procedures and statements
  • Agreed-upon procedure reports for Asset Verification
  • Surprise Custody Examinations for state and SEC regulated RIA’s

 

Tax Services:

With access to the latest software and regulatory developments, tax return preparation becomes a stream-lined process.  We pride ourselves in paying great attention to detail, as well as providing timely filed corporate and partnership returns on a federal, state and local level.

 

We actively seek to offer planning opportunities to our clients by constantly evaluating their current situation.  We can assist in the choice of entity and structuring the company in the most advantageous way to lessen tax burdens and increase efficiency.

Highlighted areas of Service:

  • Tax Planning and Compliance
  • Organization and Structuring
  • Federal, State and Local Return Preparation including K-1’s
  • Corporations, Partnerships, Individuals and Trusts

 

Other Services:

Summit LLC partners with several other experts in the hedge fund industry to provide third-party independent services relating to:

  • Partnership Agreement drafting
  • Preparation of offering documents
  • Advisory legal counsel
  • Fund administration