Tying the knot soon? Consider any of the romantic Hamptons wedding venues in Long Island, New York, as the location of your big day!
Below, we discuss why this vibrant neighborhood is a great place for you and your future spouse to get married.
You’ll have great food. The Hamptons is surrounded by the sea, giving its residents and visitors easy access to some of the freshest catch – from fish and crabs to lobsters and caviar! In addition, this community is home to differents farms, giving the restaurants around here a truly amazing variety of produce. These restos are helmed by talented chefs who can whip up dishes from different cuisines. And there are many vineyards too, where the finest wines in the country come from. In short, whatever your tastebuds crave, there’s a place where you can find it!
Your guests will have lots of things to do. Your guests have a lot to look forward to aside from your wedding day. They can book a tour to the museums and art galleries that are all over the island. They can surf, or take the nature trails. They can go to music events, or fairs. Obviously, they can also spend the nights out with their friends at the clubs, where celebrity sightings are quite common. The point is, their long trip from across the country would be so worth it.
You can have the wedding of your dreams. Whatever type of bride (or groom) you are, you can have your dream wedding here! There are beautiful beaches that could be the picturesque backdrop for your big day, as well as barns and farms for a charming rustic affair. You can also opt for an intimate but elegant gathering set in romantic, perfectly manicured gardens. There are numerous manor estates here evoking old world romance, complete with mansions and sprawling views of Long Island’s verdant rolling hills.
You can have your honeymoon here. What are your plans after the wedding? Thinking of flying to another city? At the Hamptons, you might not find that need at all. You’d be so thrilled to just spend more days in this neighborhood, surrounded by the spectacular sceneries, and a luxe vibe that is unmistakably Hamptonite.
With its community’s bustling arts and culture scene, breathtaking locations, great food, and activity options, Hamptons wedding venues are truly an amazing choice for the day you seal your vows.
Monday, February 15, 2016
Tuesday, February 09, 2016
The Changing Landscape for Business Development Companies
Today, the entire financial industry is witnessing how business development companies (BDCs) are taking a greater share of assets under management. BDCs are investment companies that invest in private small and medium-sized businesses, with the goal of gaining a large share, and wielding significant management power.
Under the Internal Revenue Code, BDCs are classified as Regulated Investment Companies, which entitle them to special tax privileges. As long as they meet standards regarding income, asset diversification, and distribution, BDCs only need to pay minimal tax. Moreover, they are able to avail of high-risk loans with relatively less regulatory demands compared to banks.
But the landscape is changing. BDCs are now drawing far greater attention, which have since been resulting in growing efforts to regulate the sector, on top of the current policies that require them to file reports on a quarterly and yearly basis, and submit proxy statements to the SEC.
Some groups are complaining about the sizeable fees companies need to pay the BDCs and its top executives, in exchange for their guidance in boosting business growth.
Others are putting more focus on the risk inherent in the BDC framework: BDCs assume that the companies they invest in will grow phenomenally, yielding great returns for the shareholders. However, many other factors will affect the performance of an enterprise, and it is also possible that the investment will fail to generate a return. Massive investment can also mean massive losses.
At the same time, over at Congress, there are efforts to lift the limit set on the amount BDCs can borrow. Right now, BDCs can borrow based on the equity they have. Under the proposed bill, they can borrow under a 2:1 ratio: BDCs can get funds double the amount of what they possess.
Aside from generating more attention, this new bill will push many BDCs to expend more effort in order to double their target income, and be able to pay their loans and also distribute capital gains to their shareholder, and escape taxation.
To address these new considerations that mark the changing terrain they operate in, many business development companies are now enlisting the services of fund administrators. These administrators can implement cloud-based systems for processing of subscriptions, transfer and exchange, and recordkeeping. Fund administrators can also take care of such tedious administrative roles as drafting proposals and agreements and preparing reports, while the BDCs look for bigger opportunities for growth.
Under the Internal Revenue Code, BDCs are classified as Regulated Investment Companies, which entitle them to special tax privileges. As long as they meet standards regarding income, asset diversification, and distribution, BDCs only need to pay minimal tax. Moreover, they are able to avail of high-risk loans with relatively less regulatory demands compared to banks.
But the landscape is changing. BDCs are now drawing far greater attention, which have since been resulting in growing efforts to regulate the sector, on top of the current policies that require them to file reports on a quarterly and yearly basis, and submit proxy statements to the SEC.
Some groups are complaining about the sizeable fees companies need to pay the BDCs and its top executives, in exchange for their guidance in boosting business growth.
Others are putting more focus on the risk inherent in the BDC framework: BDCs assume that the companies they invest in will grow phenomenally, yielding great returns for the shareholders. However, many other factors will affect the performance of an enterprise, and it is also possible that the investment will fail to generate a return. Massive investment can also mean massive losses.
At the same time, over at Congress, there are efforts to lift the limit set on the amount BDCs can borrow. Right now, BDCs can borrow based on the equity they have. Under the proposed bill, they can borrow under a 2:1 ratio: BDCs can get funds double the amount of what they possess.
Aside from generating more attention, this new bill will push many BDCs to expend more effort in order to double their target income, and be able to pay their loans and also distribute capital gains to their shareholder, and escape taxation.
To address these new considerations that mark the changing terrain they operate in, many business development companies are now enlisting the services of fund administrators. These administrators can implement cloud-based systems for processing of subscriptions, transfer and exchange, and recordkeeping. Fund administrators can also take care of such tedious administrative roles as drafting proposals and agreements and preparing reports, while the BDCs look for bigger opportunities for growth.
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