Leo Pircher
Carried Interest Tax Increase Decried by Some, Supported by Others
By Leo Pircher, Founding Member, Pircher Nichols & Meeks: Carried interest is a financial stake in the profits of the enterprise given to a general partner in a limited partnership or managing member in a limited liability company after the limited partners or other members have received a specified return on their investments. Receipt of such interest is supposed to compensate for the risks undertaken by the general partner or manager in connection with the project.