"A "Shared Earnings Agreement" (SEA) isan arrangement between a business and an investor about an upfront investment in a startup or a small businessthat entitles the investor to a share of the future earnings (hence the name) of the business.
used as a substitute for equity-like structures like a SAFE, convertible note, or equity. It is not debt, doesn't have a fixed repayment schedule, doesn't require a personal guarantee."
South Dakota Shared Earnings Agreement between Fund & Company
State:
Multi-State
Control #:
US-ENTREP-0057-1
Format:
Word;
Rich Text
Instant download
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To make a living trust in South Dakota, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trust's beneficiaries?that is, who will get the trust property. Create the trust document.
South Dakota is a pure no income/capital gains tax state for trusts. However, if income is distributed from the trust to a beneficiary, the distributed income is generally taxed at the beneficiary's personal rates in his/her tax residence jurisdiction.
DCS may refer cases to a prosecutor for show cause hearings when a noncustodial parent has not paid any child support for a period of time. The court may find a noncustodial parent in contempt of court if he or she has the ability to pay but is willfully not paying the child support obligation.
A settlor who wishes to establish a trust of longer duration under South Dakota law will need to appoint a South Dakota trustee and require that the trust be sitused and administered in South Dakota. There is no requirement that the settlor be resident or domiciled in South Dakota to take advantage of this law.
How much does a Trust cost in South Dakota? The cost of setting up a trust in South Dakota varies depending on the complexity of the trust and the attorney's fees. A basic Revocable Living Trust generally ranges from $1,000 to $3,000.
The most significant tax advantage offered by South Dakota is that it does not collect income tax. This fact, combined with all the other trust laws, is what makes South Dakota such an attractive jurisdiction to establish trusts originating from other states.
Gross earnings: Gross earnings are established based on tax records and current pay stubs. South Dakota law uses one parent's income from the equivalent of one full-time job to determine a child support amount in sole custody cases. Both incomes figure into shared custody child support.
A contract for deed is a contract where the seller remains the legal owner of the property and the buyer makes monthly payments to the seller to buy the house. The seller remains the legal owner of the property until the contract is paid.