"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."
Iowa Shared Earnings Agreement between Fund & Company
State:
Multi-State
Control #:
US-ENTREP-0057-1
Format:
Word;
Rich Text
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The state setoff program matches people and businesses who owe delinquent debts with money that is owed to those people and businesses (for example, an income tax refund).
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Other States' Reciprocity With Iowa Arkansas (permitless carry, at least 18 years old) Idaho (permitless carry, at least 18 years old) Indiana (permitless carry, at least 18 years old) Montana (permitless carry, at least 18 years old) New Hampshire (permitless carry, at least 18 years old)
Iowa has a reciprocal agreement with Illinois.
Illinois. Illinois has state tax reciprocity agreements with Iowa, Kentucky, Michigan, and Wisconsin.
Any wages or salaries earned by an Illinois resident working in Iowa are taxable only to Illinois and not to Iowa. Iowa will tax any Iowa-source income received by an Illinois resident that is not from wages or salaries.
Code of Iowa Chapter 28E provides the ability for governmental entities to enter into contracts with one another.