superiority
1, number advantage: the number of investors can be 1-200.
2. Wide investment scope
3. There is no double tax burden
Because contractual private equity funds do not have legal person qualifications and are not taxpayers. Therefore, in the expected annualized expected income distribution link, only the beneficiaries need to declare and pay their own income tax to avoid double taxation.
4. The procedure of establishment and change is simple.
Establishment stage: after the event, you only need to go through the filing procedures with the fund industry association, and there is no need for industrial and commercial registration or change. Therefore, the establishment of contractual private equity funds can save cumbersome industrial and commercial registration procedures.
Investor change stage:
(1) Investors purchase and redeem according to the contract of contractual private equity funds.
(2) Contractual private equity fund share holders withdraw from participation through share transfer, but the transferee industry must meet the requirements of qualified investors.
You can register as a shareholder.
According to the Issues Concerning Asset Management Plan and Contractual Private Equity Fund's Investment in the Equity of the Company to be Listed issued by the New Third Board on 20 15, 10 and 16. Moreover, when companies invested by contractual private equity funds apply for listing in the national share transfer system, shares can be directly registered as product names.
6. Diversification of exit methods
(1) Contractual funds can involve the normal withdrawal process in the fund contract, such as the design of regular or irregular open redemption, and can also design the default withdrawal clause;
(2) The client can transfer the contractual fund shares through the platform stipulated by the supervision, and can also realize cash withdrawal and improve the liquidity mechanism;
(3) Contractual private equity funds do not need to be registered.
disadvantaged
1. Investment cannot be entrusted directly.
2.ABS cannot be directly established.
3. Not qualified as a legal person.