Offering Legal & Fiduciary Services to Traders | Investors | Hedge Funds Start a Hedge Fund in the United States or Offshore Hedge Fund Audit, Tax & Administration
Capital Management Service Group, Inc. is dedicated to providing the highest quality of services on a personal level and in a timely manner. We offer flat-fee engagements, which include start-to-finish legal services and counsel with all aspects of launching a domestic or offshore hedge fund. No two funds are identical. We use a client-based approach to our fund structuring and analysis. Our clients routinely comment on the excellence of our personal service and the time we take to properly understand and implement the client’s unique circumstances and objectives. Call Us at +1(307) 213-4732, Email Usand Read What Our Client Say About Us on LinkedIn
After your Hedge Fund is Launched After your hedge fund is launched, consider how you are going to handle your hedge fund's administration. We can handle the preparation of your fund level accounting and annual income tax return filings with Schedule K-1s for a low fee. Our work product includes detailed NAVs, performance records, brokerage statement reconciliation, and much more. Why not focus on what you do best and trade? Our hedge fund administration are offered ala carte, so you can choose what works for you. We offer monthly basis NAVs, performance records, brokerage statement reconciliation, advisory fee billing, etc. Call Hannah Terhune, veteran hedge fund attorney at (307) 213-4732 or email her if you want to discuss these services. Let our staff become your hedge fund's account staff.
Hedge Fund Administration & Audits Investors and regulators see value in the appointment of a third-party administrator. Any investor looking at a hedge fund has to ask the question: "how do I know I'm not going to get ripped off?" When attempting to answer this question, most investors often focus exclusively on front-office issues such as a hedge fund's track record, investment team and strategy. They then get blindsided by mundane back-office issues, such as finding out the hard way there was only one person signing off on wire transfers, or that a fund didn't have a proper administrator. The back office is the guts of the enterprise. For More Information Click Here
We can handle the preparation of your hedge fund's accounting and annual income tax return filings with Schedule K-1s for a low fee. Our work product includes detailed NAVs, performance records, brokerage statement reconciliation, and much more. One benefit of being a trader in securities is the ability to elect the Mark-to-Market (MTM) method of accounting. The tax election is available to an active trader and not to an investor in securities. The election is available for individuals and entities that file U.S. tax returns. A person or entity trading mainly in 1256 contracts typically would not want to make the MTM election because that person would lose the 60% long-term capital gain treatment available for futures trading subject to the 1256/commodities tax rules. Call Hannah Terhune, veteran hedge fund attorney at (307) 213-4732 or email her if you want to discuss these services. Let our staff become your hedge fund's account staff.
CPA Prepared Hedge Fund Tax Returns Using us means there is no additional work at tax time. We provide complete Federal and all applicable State tax returns for the Fund including detailed supporting schedules and Partner/Investor K-1s. Tax planning services are also available. We provide tax lot matching for detailed Schedule D reporting. Contact Us for Help
Keep Fund Accounting Simple The hedge fund manager who has a highly complex performance allocation and expects the financials and tax returns by March 1 is tempting fate. The manager must recall that once the investor is promised something, less cannot be given. At the very least, no manager wants to go back to investors and ask them to sign amended fund documents about how the manager's own cut of the profits is determined.
Hedge Fund Administrative Support? Many traders are accustomed to being a one-person business--trading from their home office. They are interested in trading for others to leverage their knowledge and make more money but they don't want to change how they work. They don't want to spend their days with attorneys, accountants, consultants and deal with business administrative hassles. While a hedge fund manager may feel that he can perform all of a fund’s tasks in-house, recent hedge fund scandals demand and new governance practices require the segregation of duties. In the event of a failure to implement these measures, investors may not invest in a particular fund. Our sister company Capital Services Group, LLC provides a full range of these services. Our virtual Web-based and e-commerce solutions take the hassle out of your trading, investment management and fund business. Our clients work from home, without any of the above-mentioned hassles. Most of our clients use our hedge fund accounting services on a monthly basis; others choose weekly, quarterly, annually or whenever they like. The work product includes NAV, performance records, brokerage statement reconciliation, advisory fee billing, performance allocation, investor changes, and other related reports.
Hedge Fund Audits There are two types of audits a hedge fund manager should consider: a full financial statement audit or a custody audit. The custody audit is less expensive than a full financial statement audit and makes more sense for smaller hedge funds. You may wonder what the difference is between the two types of audits? A full blown, full financial statement audit generally consists of procedures on an entities balance sheet, income statement, partners capital balances, and footnotes under Generally Accepted Accounting Principles (GAAP) at year end. The auditor will opine on the above listed statements and attach that auditor's opinion to them. This is the norm when you look the annual reports of public companies. A custody audit consists of limited procedures usually limited to confirming cash and investments balances held at custodian broker dealers and banks or investment securities the hedge fund may hold outside of them (i.e, PIPE stock or other private equity that a fund may have in the General Partner's safe). These amounts are then agreed to as the fund's balance sheet amounts on the fund's books and records A one or two page report is issued stating what was performed. No financial statements issued.
If the fund's manager and located in a state where a "surprise audit" is required, these procedures are also performed at whatever date during the year the auditor during the year. the custody audit satisfies state custody requirements of registered investment advisers have that do not have a financial statement audit performed for the fund. Need help? Contact Us
Read leading, cutting-edge articles on hedge funds and taxes by Hannah Terhune, hedge fund and international tax attorney. Her articles are widely published on the Internet and recommended by TheStreet.com and other respected media.
Capital Management Services Group, Inc. is recognized by discriminating business owners as being the foremost tax and legal authority in the hedge fund industry. Attorney Hannah Terhune's education and experience are unsurpassed in the area of hedge fund creation, development and launch. Ms. Terhune's extensive international tax knowledge and hedge fund experience have made her an indispensable resource for serious hedge fund and business professionals. Ms. Terhune's numerous articles on the subjects have appeared in over 100 publications worldwide. Chances are, if you have read anything related to the hedge fund business, Ms. Terhune wrote it.
Why Hire Us? When you engage us you get a unique combination of securities, tax, and global business experience. We think we have the best set of offering documents in the industry for hedge funds based on current and ever changing laws. We aim to deliver quick turnaround times because we understand that our customers want to begin their money management business as soon as possible. We conceive, structure and deploy the best tax saving strategies for your hedge fund business. We will help you start your business as soon as possible and continue to assist you.
Give us the opportunity to use that knowledge and experience for you. Each client receives personalized attention from our attorneys and staff. No client is too large or small for us. We pride ourselves in providing personal attention to each client. We provide the best services and support needed for hedge funds and business projects. No need to coordinate work between accounting, administrative and law firms--we handle the entire hedge fund business process from start to finish. We offer legal services, accounting services, tax planning services, tax return preparation services, business consulting services, and U.S. and offshore company formation services. We provide high quality services at competitive rates. But don't take our word for it, give us a call and let us prove what we can do for you.
Personal Consultations You get answers to your specific questions by speaking directly to Hannah Terhune, an experienced hedge fund and international tax attorney. Ms. Terhune's hard-earned knowledge and experience can be put to work to save you unnecessary steps and costly wasted effort. The consult is an invaluable opportunity to speak to Hannah one-on-one and learn how to achieve more in less time. Ms. Terhune's credentials and experience gives you access to a well-informed professional practitioner with sound ethical judgment. The availability of such expertise required to recommend the best solutions to you and provide sound ethical advice should never be taken lightly. We are confident that when you are finished with your consultation you will be impressed and more informed about your business plans than ever before. Call +1 (307) 213-4732 or Click Here to Request Services.
Our Commitment Henry David Thoreau wrote: "Do not hire a man who works for money, but him who does it for love of it." We are committed to your business plans and bringing you the best possible options. We are an established and internationally recognized law firm that serves and educates our clients throughout the industry. We do this by striving for the best results. A lawyer is a philosopher and role model. The ability to improve our clients' lives is a privilege that we do not take lightly. There is tremendous power in being able to effect a positive change in our clients' lives. Our aim is to welcome our clients and to provide a comfortable, warm environment for all. Thanks for visiting our website. We hope to have the opportunity to serve you.