Rothstein Kass - VENTURE CAPITAL

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VENTURE CAPITAL

The most visionary venture capital funds know that despite a tough economic landscape there are still opportunities to be had as well as pitfalls to avoid. Today, venture capital funds face intense competition in uncovering and funding the right deals to meet higher returns-on-investment their limited or general partners require. And, while exit strategies remain elusive in the current environment, venture funds must increasingly find innovative ways to improve performance or face possible consolidation in the future.

Rothstein Kass understands the specific issues that confront our venture capital clients. Rothstein Kass’ comprehensive understanding of audit, tax and regulatory issues impacting venture funds provides the toolkit to deliver a specific set of solutions to the challenges our clients face throughout their fund’s lifecycle. Furthermore, our alternative investment fund expertise, national service scope and commitment to superior client service ensures a holistic approach and innovative solutions in addressing our clients’ most pressing business concerns.

Our firm’s commitment to leadership, high level of responsiveness and extensive fund experience as a national accounting firm, position Rothstein Kass as a trusted advisor to venture funds on accounting, audit and tax issues.

How We Can Help:

Rothstein Kass provides audit, accounting, tax and advisory services to venture capital clients that provide seed capital to entrepreneurs and invest in early stage portfolio companies.

Specifically, we can assist with:

•	Fund structure
•	Review fund organizational documents
•	Year-end audit
•	Tax planning and compliance
•	Preparation of tax returns and Schedule K-1s
•	Valuation review of hard-to-value securities

Start Up Services and Fund Organization

At the inception of the fund, we work as a team with the general partners and their counsel to review and assist in the formation of the fund agreement and private placement memorandum, and determination of the following:

•	Organizational structure
•	Management fee and incentive allocations and distributions
•	Risk management

Audit and Accounting

•	Advice regarding operational techniques and best practices
•	Year-end audit of financial statements
•	Review of partnership agreement allocations and distributions
•	Review of interim books
•	Consultation regarding regulatory issues
We also offer these specialized and in-demand services to provide greater assurances to your stakeholders:
•	SAS 70 reports
•	Internal control reviews
•	Monthly / quarterly Agreed Upon Procedure reports (AUPs) for the verification of assets
•	Semi-annual audited balance sheet to provide additional assurance regarding valuation of existing assets
•	Fee structure reviews

Tax Services

Investment funds have complex tax issues. Our professionals are experienced and highly trained in securities taxation. The services we provide include:

•	Responsive and creative tax planning with respect to securities transactions to ensure optimum tax benefit
•	Preparation of Federal, state and local fund income tax returns
•	Year-end estimate letters to enable partners to tax plan
•	Preparation of tax returns for the management company and general partner
•	Preparation of Federal, state and local person income tax returns
•	Representation before the Internal Revenue Service and any other agencies


As a client of Rothstein Kass, your engagement partner will not only act as a single point of contact but you will also have a dedicated team supporting you—ensuring consistency, quality and responsiveness. As your advisor, you can rely on us to keep you abreast of various regulatory issues and accounting and tax pronouncements that may impact your business.

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