TCS Fund & Family Services (‘TCS F&F’) handles the financial and fund administration and full secretarial services for an investment fund in rural estate. Duties include keeping the shareholders’ register, executing consequential transactions and paying out dividend. TCS F&F takes care of payment operations and compiles financial reports. TCS F&F assists external auditors in their controlling duties. In addition, TCS F&F organizes and prepares board meetings, advisory board and shareholder meetings including minute taking and takes care of all necessary formalities.
Dutch private investors often participate as a group in a private equity fund. The minimum amount for participating in such a fund is often substantially more than the amount an individual investor is prepared to invest. A solution is to set up a ‘sleeping partnership’ acting as ‘feeder’. TCS F&F acts as managing partner and handles the financial administration and secretarial duties. TCS F&F also deals with capital calls, effects payments and represents the sleeping partners at shareholder meetings. TCS F&F reports to the partners individually on a quarterly or half-yearly basis on the performance of the fund.
TCS F&F is in charge of the fund administration and all related financial services of an investment company dealing in subordinated loans. TCS F&F is also director of the foundation which acts as contracting partner on behalf of the participants.
TCS Fund & Family Services provides financial and secretarial services to several country estate associations. All accounting duties are taken care of: payment operations, invoicing, general bookkeeping, VAT tax declaration. Relevant tax data are supplied to the shareholders regarding their own tax return application (Box III). TCS F&F organizes meetings, takes minutes, keeps the shareholders’ register and assists the director(s) in a whole range of tasks.
TCS Fund & Family Services provides financial and secretarial services to a family company which represents the business interests of approximately 200 family members. TCS F&F provides full and comprehensive services such as keeping a large shareholders’ register up to date. TCS F&F has its own software application to efficiently administer the many mutations in the register. In addition to this, TCS F&F handles all the paperwork for directors and shareholder meetings as well as providing the minute-taking. Administering this family company is complex due to the great variety of assets represented.