Credit manager CIFC announces switch to LLC format

Listed credit manager CIFC has announced that it plans to reorganise itself as a Delaware limited liability company

TAGS: CIFC

Comment by: Mike Peterson. Posted 8 years ago [2015-07-30 09:03:38]

Thanks to the reader below for pointing out this error. It should say a Delaware limited liability company and this has now been changed.

Comment by: Anonymous. Posted 8 years ago [2015-07-30 00:19:50]

I'm not a lawyer, but after reading CIFC's 8-K issued on July 28, the last word of the first sentence of your article should be "company" rather than "partnership." In the U.S., an LLP is distinct from an LLC. CIFC is reorganizing at the top level from a corporation to an LLC. Creditflux is accurate in saying that the entity will be "taxed as a partnership."