Basiz Launches K1 and PFIC statement preparation services for Hedge & Private Equity funds

Chennai based leading accounting service provider Basiz fund service today launched K1 & PFIC statement preparation services for Hedge and private equity clients. Schedule k1 is required to be filed annually by each limited partner of a US domiciled fund. Funds & Fund administrators are requested by these limited partners to issue schedule K1. PFIC (Passive Foreign Investment Company) is a statutory requirement required to be filed by any US investor who is directly or indirectly a shareholder of a PFIC. Basiz would help prepare the Annual Information Statement for each of the PFIC on behalf of the fund/Management/Administrator of each of these funds. \” We see strong demand for these niche services coming from US and other parts of the world in days to come. Recent global turmoil has forced companies to outsource core and non-core accounting activities to low cost and efficient accounting & consulting service providers like Basiz. Basiz offer a full range of end-to-end or decoupled accounting services to alternative asset managers. Strong process discipline interwoven with deep domain knowledge is our forte\” said Anand Singh, Associate Vice President, Middle East & North Africa at Basiz.
Apart from K1 & PFIC, Basiz also offers Offshore model based accouting services to Mutual funds, Private Equity firms, Asset Managers & Portfolio Managers. It services some of the top names globally.

Keywords:: Basiz, Funds, Fund Administrator

Name:: Anand Singh

Email:: marketing@basizfa.com

Contact Information::

Basiz Fund Services
301-303, Solaris 2,
Saki Vihar Road,
Andheri East
Mumbai

Website: http://basizfa.com