Compliance

Fund admin that
ships on time.

The quarterly reports that take your back office two weeks. The K-1s that are always late. The capital call notices copied from last quarter. Enter your fund data once and get all 6 documents back in ILPA format with the right numbers.

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Free demo. All 6 documents for one reporting period.

Late K-1s cost $260 per partner per month

A fund with 50 LPs that misses the March 15 deadline by two months owes $26,000 in penalties alone. Wrong withholding rates mean IRS correction notices to your investors. A quarterly report that doesn't match ILPA format means your institutional LPs ask questions you have to answer manually. The numbers in these documents have to be right, and they have to be on time.

Six documents, each one expanded

LP Quarterly Report

ILPA format
Fund overview and strategy
Financial summary (NAV, contributions, distributions)
Performance metrics: IRR, TVPI, DPI, RVPI
Portfolio company detail by investment
Cash flow summary for the period
Fee and expense disclosure
GP commitment tracking
ASC 820 fair value hierarchy (Level 1/2/3)

Capital Call Notice

10-day minimum notice
Per-investor amounts with pro rata calculations
Due date with minimum 10 business days notice
Business day calculations excluding federal holidays
Wire instructions and payment details
Purpose of the call (investment, expenses, reserves)
Overcall protection provisions
Default penalties: grace period, default interest
Forced sale of interest and commitment reduction

Distribution Notice

6 withholding rates

Waterfall breakdown per the operating agreement, with tax withholding calculated by investor type:

30%
Foreign NRA / entity
15%
FIRPTA (Section 1445)
10%
Partnership transfer (1446(f))
24%
Backup withholding
7%
California state
10.9%
New York state

K-1 Summary Report

23 boxes
Box 1: Ordinary business income/loss
Box 2: Net rental real estate income
Box 3: Other net rental income
Box 4a: Guaranteed payments (services)
Box 4b: Guaranteed payments (capital)
Box 5: Interest income
Box 6a: Ordinary dividends
Box 6b: Qualified dividends
Box 7: Royalties
Box 8: Net short-term capital gain/loss
Box 9a: Net long-term capital gain/loss
Box 9b: Collectibles (28%) gain
Box 9c: Unrecaptured Section 1250 gain
Box 10: Net Section 1231 gain/loss
Box 11: Other income/loss
Box 12: Section 179 deduction (Code A)
Box 13: Other deductions (Codes A-W)
Box 14: Self-employment earnings
Box 15: Credits
Box 16: Foreign transactions
Box 17: AMT items (Codes A-F)
Box 18: Tax-exempt income
Box 19: Distributions
Box 20: QBI / Section 199A (Code Z)
Box 21: Foreign taxes paid/accrued

$260 per partner per month penalty for late filing. March 15 deadline for partnerships.

Annual Report

16 sections
Balance sheet
Statement of operations
Statement of cash flows
Schedule of investments
ASC 820 fair value hierarchy (Level 1/2/3)
Performance summary with attribution
Management discussion and analysis
Risk factors and market conditions

Form ADV Part 2A Summary

SEC

All 18 SEC-required items in plain language. Must be delivered within 120 days of fiscal year end.

Advisory business description
Fees and compensation
Performance-based fees and side-by-side
Types of clients
Methods of analysis and strategies
Disciplinary information
Other financial industry activities
Code of ethics and personal trading
Brokerage practices
Review of accounts
Client referrals and compensation
Custody practices
Investment discretion
Voting client securities (proxy)
Financial information and balance sheet
Marketing Rule compliance

Generated documents contain placeholder fields that your team fills in — wire instructions, bank details, and firm-specific terms.

Deadlines the system tracks

Miss one and you pay a penalty or lose LP trust.

K-1 Summaries

March 15

$260/partner/month late penalty

LP Quarterly Reports

45-60 days after quarter end

Industry standard, LP expectation

Form ADV Annual Update

90 days after fiscal year end

SEC enforcement action for non-filing

Form ADV Delivery

120 days after fiscal year end

Must be delivered to all advisory clients

Form PF (Large Advisors)

60 days after quarter end

$150M annual filers, $1.5B quarterly

Form PF Current Events

72 hours after trigger

Extraordinary investment losses, large redemptions

Capital Call Notices

10+ business days before due

Invalid call if notice period not met

Distribution Notices

With or before payment

Withholding errors create LP tax issues

See the full compliance package.

Enter sample fund data, get all 6 documents back. If the output is better than what your team is doing now, you'll know immediately.

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