dissolution

Scope of Services: Dissolution
Category Carta Responsibilities Client Responsibilities
Maintain accounting books and records Everything in standard scope, plus:
Ensure all investment activity is booked and all investments have been liquidated Inform team of entity dissolution
Book remaining expenses, income, receivables and payables Proper liquidation of all held investments
Ensure all outstanding receivables and payables are relieved
Provide remaining unbooked investment activity along with applicable support
Provide remaining unbooked income, expenses, receivables and payables
Banking and payment of expenses Everything in standard scope, plus:
Set up payment for all unpaid expenses and accounts payable Proper closing of all bank accounts
Regulatory filings, audit, and tax process Everything in standard scope, plus:
Coordinate with third-party audit team on the completion of final audit Preparation and finalization of filing dissolution paperwork
Coordinate with tax team on the completion of final tax return and K-1s
Distributions Everything in standard scope, plus:
Ensure investor capital accounts are in good standing
Inform investment manager of potential clawback, if necessary, and coordinate return of proceeds