What you need to know now: State Taxes
Are you covered? Considerations for Private Equity
With the increasing complexity of state tax rules, particularly in the past year, it is crucial for investment professionals to have a basic understanding of the current rules and how they apply to their business. Today, nexus is the biggest state tax risk facing most multistate businesses, and nexus issues are particularly important for private equity funds and portfolio companies. The proper understanding and application of these rules are crucial, as the potential consequences of failing to manage compliance with state laws and regulations can be crippling.