K-1
A tax document generated by a form 1065, issued by a partnership (LLC or LP) entity to another entity or individual which reports the income, losses, and dividends of a business that is allocated to each partner of a partnership. Each partner is required to report the information in the K-1 in their personal income […]
KISS
A KISS is a “Keep It Simple Security”. It is an agreement between a company and an investor: the investor invests money in the company and, in exchange, receives the right to purchase shares in a future equity round when it occurs. KISS securities are a hybrid between debt and equity: it aims to keep […]
KYC (Know Your Customer)
A set of policies and procedures SPV organizers and financial institutions use to verify the identity of an investor. It is a requirement to know and keep records on the essential facts of each investor, as well as identify each person who has authority to act on the customer’s behalf. SPV Organizers are only required […]