Scope of Services: Carta European CIV Entity Administration
Per annum pricing will be determined based on your individual Carried Interest Vehicle (CIV) entity structure, needs, and complexities.
I. Accounting Services
IFRS / UK GAAP / Lux GAAP Reporting
The following year-end reports will be produced annually by Carta for the CIV entity:
Balance Sheet
Statement of Operations
Carta system-generated financial reports will be made available in the Carta platform.
Books and Records
Carta will update and maintain the accounting books and records for the CIV entity. You will have easy, read-only access to review the books and records.
For the CIV Entity, Carta will:
Maintain annual accounting books and records, if needed
Grant read-only access on the Carta platform for review of books and records, including the balance sheet, income statement, and general ledger
Conduct capital transaction tracking by member
Provide annual cash reconciliation
Provide valuation updates per fund statement*
Provide annual invoice payments
Necessary documents or information you will provide Carta(1):
Vesting schedules for CIV members (2)
Executed copy of the CIV entity’s W-9, W-8, or AEOI
Executed copy of the CIV entity’s constitutional documents (2)
* Reporting will not be provided on a look-through basis.
Year-end Filings and Tax
Carta does not provide year-end filing or tax services for CIV entities.
You will:
Coordinate with your selected tax provider to file for an extension, as necessary
Complete any reporting or regulatory filings. Such filings or reporting will not be completed by Carta unless otherwise agreed.
To discuss any services that are outside of the scope addressed above, please talk to your Carta representative.
(1) Additional documentation or information may be required by Carta as circumstances warrant.
(2) If you have purchased Fund Formation Services with Fund Administration, Carta will provide vesting schedules for CIV members and an executed copy of the CIV Entity’s constitutional documents.
DISCLOSURE: This communication is being sent on behalf of Carta Investor Services, Inc. (“Carta”), an affiliate of eShares, Inc. dba Carta, Inc. Certain transactional fees may apply. This communication is not to be construed as legal, financial, accounting or tax advice and is for informational purposes only. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein.