FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / state-tax-nexus-analysis.docx
state-tax-nexus-analysis.docx · 1025-00007

Parties

Harkness LLP
Quorum Insurance Holdings Corp
Quorum Receivables Holding LLC
Delaware LLC
Fortbridge Corporate Services LLC
Ashgrove Services Inc
Quorum Premium Finance LLC
M. Vasquez

Dates

September 1, 2022
September 2, 2022
August 12, 2022
August 18, 2022
August 3, 2022
2022-10-12
January 1, 2022
September 20, 2022

Amounts

$300
$500,000,000
$612,000,000
$2.1
$3.8
$600
$250
$86,904,000
$800
$250,000

Obligations

§ 18-1107, every domestic limited liability company is required to pay an annual tax of $300 to the State of Delaware, due on or before June 1 of each year
property that is owed to a person and remains unclaimed for a specified dormancy period must be reported and remitted to the State of Delaware
It is therefore critical that all parties involved in the transaction strictly adhere to the separateness covenants and that QIH personnel understand that the SPVs are legally distinct entities that must be treated as such
Maintain SPV Separateness Both QRF 2022-1 and QRH must strictly observe all separateness covenants contained in their respective LLC agreements and in the transaction documents
Vasquez for QRH — must be actively involved in any consent or approval requiring the independent manager's vote
The independent managers must exercise their own independent judgment and must not act under the direction or control of QPF, QIH, or any other affiliate