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Board Trustee Payments: Should You Pay the Individual or Their LLC?

March 27, 2026
March 27, 2026

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Q. I'm questioning payments to board members for trustee payments for members who sit on a fund board. Many of our trustees own companies that are non-associated to the board/funds they sit on, yet they often seek to have payments made to (and provide W-9 information) for their company or LLC they own. Is it appropriate for the fund and/or advisors of the funds to make payment to the Company (under that company's EIN) instead of to the individual themselves (under their individual EIN or…

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