The Act allows for domestic or foreign investment vehicles structured as partnerships and limited liability companies to elect to be treated as a fund and to obtain tax benefits to Fund investors, among others, under the Puerto Rico Internal Revenue Code of 2011.
The content of this McV Alert has been prepared for information purposes only. It is not intended as, and does not constitute, either legal advice or solicitation of any prospective client. An attorney-client relationship with McConnell Valdés LLC cannot be formed by reading or responding to this McV Alert. Such a relationship may be formed only by express agreement with McConnell Valdés LLC.