Posts tagged carried interest
Philadelphia’s Musical Fund Hall – Case Study for a Real Estate Development Project

In the mid-twentieth century, some of the nation’s concert halls experienced financial challenges and fell into disrepair as the orchestras they incubated moved on to other performing locations.Although Philadelphia's Musical Fund Hall was not demolished, it no longer hosts concerts. Rather, in 1981, a developer purchased Musical Fund Hall and redeveloped it as condominiums.

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Tax Cuts and Jobs Act Changes Incentives for Fund Managers

Imagine you are a professional musician who is building a performance career. You hire an artist manager to promote you, obtain performance gigs, and to negotiate contracts for your gigs for a period of five years. You hire an artist manager to promote you, obtain performance gigs, and to negotiate contracts for your gigs for a period of five years. Your manager’s primary compensation is a percentage of the compensation you receive from your gigs, plus reimbursement of certain of the manager’s costs.  This arrangement is designed to incentivize your artist manager to work hard to get you as many bookings as possible as soon as possible.

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