"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."
Oregon Shared Earnings Agreement between Fund & Company
State:
Multi-State
Control #:
US-ENTREP-0057-1
Format:
Word;
Rich Text
Instant download
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How to fill out Shared Earnings Agreement Between Fund & Company?
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FAQ
The CAT is imposed on the entity doing business in Oregon and is considered part of the business' expenses. A business may include the CAT with other business expenses when setting the total price charged to customers.
?Unitary groups must register, file, and pay as a single taxpayer (ORS 317A. 106 ). A unitary group taxpayer must designate a single member (designated CAT entity) to register, file, and pay CAT. Taxpayers can register for CAT through Revenue Online using the designated CAT entity name and FEIN.
Contingency transfers of up to 15% of total fund appropriations ? Creates a new appropriation category or fund. Changes overall appropriation authority (i.e. changes the overall footprint of the budget). May or may not require a hearing.
The Oregon CAT will be imposed on ?taxable commercial activity? in excess of $1 million at the rate of 0.57 percent, plus a flat tax of $250 on the taxpayer's first $1 million of taxable commercial activity.
A penalty of $100 per month may be assessed for failing to register, up to $1,000 in a tax year. You can register through Revenue Online. Who must file? Persons or unitary groups with Oregon commercial activity of $1 million or more are required to file a CAT return.
Oregon also imposes Corporate Activity Tax [CAT] of $250 plus 0.57% of activity in excess of $1 million.
The Corporate Activity Tax (CAT) is a tax imposed on companies for the privilege of doing business in Oregon. It is a tax on commercial activity ? the sale of goods and services ? in Oregon. Exports (goods and services sent out of Oregon) are not subject to the tax.
A penalty of $100 per month may be assessed for failing to register, up to $1,000 per calendar year. Additionally, estimated tax payments are required if a taxpayer expects more than $5,000 of CAT liability for the calendar year.