We hate it, but it happens: that promising company with the brilliant founder we invested in
has failed. At least we can take a loss for tax purposes. However, if you have invested through an SPV, it adds insult to injury to have to pay the professional fees to file the tax return in order to pass the loss through to the syndicate members.
Loon Creek helps investors form and administer investment syndicates. This is one in a series of blog posts based upon our experiences in doing so.
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