Events

The practice of SCS / SCSp

790 €

at 0.7 KM
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Business
Investment
Legislation
Strategy
Society
Finance
Legal
Taxation
Contract

wed. 20 Nov.

Master the creation and operation of the SCS / SCSp.
Integrate the key points of operation of the structure.
Define the benefits and benefits of the structure.
Identify tax issues.

The practice of SCS / SCSp
Understand structuring via SCS / SCSp

• Opt for CAS with legal personality or SCSp without legal personality.

• Distinguish the SCS / SCSp and the opportunities of each structure.

• Determine investor confidentiality.

• Define the social contract and contractual freedom: study of opportunities (capitalization, governance, distribution and sanctions).

• Governance: when to appoint an external manager.

• Determine how to implement.

• Evaluate possible distribution mechanisms.

• Measure how to set up clawback clauses.

• The sanctions of failed investors.

Take ownership of the tax system for CAS / SCSp

• Community income taxes / wealth taxes: consequences of tax transparency.

• Communal commercial tax.

• Distinguish between "commercial activity" per se and impression theory.

• Define the notion of "commercial activity" for different investment vehicles and for different types of investments.

• Identify the issues and risks of establishment for the partners in the event of a commercial activity.

• VAT implications: AIF / non-AIF distinction.

Case study: use of the SCS / SCSp structure - practical challenges and consequences on internal impacts.

Feedback from experiences: operation of the structure over 2 years.

Case study: consequences for the AIFMD directive: to understand the roles and responsibilities of the depositories.