📄 Extracted Text (158 words)
Summary of August 20 meeting
A. Tax prep
(1) Will get draft from Tom around 9/20
(2) Review BJAV deductions etc — forward books to R. Kahn, A. Duglash
(3) Address Avioneta
(4) Review 2014 charitable contributions and pledges it projections
B. Art Partnership
(1) Narrows
(2) Name change to include Phaidon — have license agreement for use of name
(3) Two classes of GP - LDB makes investment decisions; APO 1 Trust makes
distribution/liquidation decisions
(4) Interest expense deduction should continue to flow through to LDB
(5) Contribution of income producing assets to cover interest (and operating expenses - such as
Heather compensation)
C. TRA — sale of TRA contract to childrens' trusts
D. Phaidon — use of flow through loss. Sale of some art to generate passive income as offset
E. Family office
(1) Go forward with formation/use of Elyseum Management LLC
(2) Service contract with Phaidon for services provided
F. Status of Empire Valuations
EFTA00582856
ℹ️ Document Details
SHA-256
d479c6bf3ded47dc349f0f4b16e443e34374fbff12f3fd0e98e7236f0e916bbd
Bates Number
EFTA00582856
Dataset
DataSet-9
Document Type
document
Pages
1