FOR IMMEDIATE RELEASE
October 24, 2018
For more information:
Public Relations Manager
(302) 693-5401 x. 65533
CSC Launches Partnership Representative Services
Expanded corporate compliance services builds on legacy of expertise
WILMINGTON, Del.—CSC today announced the addition of Partnership Representative services to its corporate compliance service offering, in conjunction with the requirements set forth by Internal Revenue Code section 6223. This new regulation requires large partnerships to assign a representative to work on their behalf regarding IRS audits.
CSC experts worked directly with the IRS to determine the challenges associated with the new code, which mandates a partnership representative be assigned to firms if they do not choose their own designated representative. CSC Partnership Representative services will help further assist organizations in meeting compliance requirements in the U.S. and abroad.
"Because we're not affiliated with any law firms or financial institutions, we offer independent, non-conflicted services. Additionally, our long legacy of corporate compliance services makes us uniquely qualified in this space," says John Hebert, senior vice president of Global Financial Markets. "We're one of the world's largest privately held businesses to offer administration services for specialized transactions.
As the trusted partner of nearly 10,000 law firms and more than 3,000 financial organizations, CSC offers decades of experience providing a variety of transaction services, including independent officers and directors.
"Our new Partnership Representative services enable us to fill a void for many of the larger partnerships, ensuring they can count on CSC to work on their behalf in interactions with the IRS," says Dave Straub, director of business development.
For more information on CSC Partnership Representative services, as well as a complete list of frequently asked questions regarding the new legislation, please consult our website linked below:
CSC provides a comprehensive range of services including outsourced fund administration, capital markets services, SPV management and administrative services, and agency services. We provide independent and conflict-free corporate trust services through our wholly owned subsidiary, Delaware Trust Company. Through our expertise and personal approach, we're able to offer customized services from pre-closing through to completion of a transaction, and have decades of experience in private equity, real estate, structured finance, restructuring, and across a full range of asset classes. We are the trusted partner for 90% of the Fortune 500®, more than 65% of the Best Global Brands (Interbrand®), nearly 10,000 law firms, and more than 3,000 financial organizations. Headquartered in Wilmington, Delaware, USA, since 1899, we have offices throughout the United States, Canada, Europe, and the Asia-Pacific region. We are a global company capable of doing business wherever our clients are—and we accomplish that by employing experts in every business we serve.