Gp Planning Limited: Fill & Download for Free

To start with the assertions in the question assuming it is a question are simply wrong.The wait times are not significantly longer than much of the US. A lot of the nonsense you see on Quora is nonsense put out by right wing hacks. Wait times do vary depending on location. It also varies by the doctor “you” chose. I emphasize you because in Canada unlike many American plans you are covered with any doctor or hospital. Many american plans limit the doctor or hospital you can go to. If someone living in a major metropolitan centre claims it takes months to see a GP he is either lying or is too stupid to change doctors.Canadian health care is every bit as good as American. Outcomes do vary by specialty with one country being a little better in one while the other better in something else. Some of the best hospitals in the world are in Canada and all are covered by government insurance. Ask Ran Paul why he came to Canada for treatment.Canadian taxes are not particularly higher in the US. In fact both countries governments spend about the same percentage of GDP on health care. So why does the US get so little for its spending on health care.So you might better askwhere did you get all this false information. I’ll give you a hint look at the money spent by health insurance companies spreading lies and buying politicians.Why is health care in the US so grossly overpriced.Why does insulin cost almost 10 times as much in the US despite that treatment being invented in Canada 100 years ago.Why has your government passed laws preventing the federal government from negotiating with drug companies.Why when your country spends 7% of its GDP more on health care than Canada and gets no better results.why do Canadians live more than 3 years longer than Americans.Or you can go believing the nonsense put out to cover the failure of American health care. It is a choice

Nothing.Trump has only been touting what is called Skinny healthcare plans (Multi Plan - Limited Benefit Plan). I have one now. It didn’t pay much for my 2 GP office visits and simple bloodwork done last July. I was stuck with paying $500. They paid maybe $30.Trump touts selling insurance over state lines. That will not improve Health Care or Health Insurace. I had out of state major health plan many years ago. No doctor in my area took the plan. I’ll bet no hospitals would have taken the plan either.Now Trump wants to raid (steal) Canada’s prescription cabinet for Americans. Canada and many other countries are legally allowed to NEGOTIATE with drug companies. Not in the USA. Medicare cannot legally negotiate. Your tax dollars at work.Canadians pay for their health care and prescriptions with their taxes. I am sure they do not want to fund American’s prescriptions as well.So Trump wants to utilize another country’s Socialized Medicine for American’s greed.American’s have got to fix their own problems at home.

VC funds are typically structured as Limited Partnerships (the “Fund”) with the investors being the Limited Partners (“LPs”) and with the VC forming a management entity to act as the General Partner (“GP”). The Limited Partnership is governed by the Limited Partnership Agreement (“LPA”) which defines all the terms between the LPs and GP.The GP manages the fund and makes the investment decisions and the LPs have no direct control over any investment decisions of the fund.Generally funds are limited to 100 investors and they need to be Accredited Investors. Accredited Investors have to have a minimum annual income or net worth. If you limit investors to Qualified Purchasers (a higher net worth standard) then you can have 499 investors but this is very unusual.There are many terms to a fund and they are documented in the LPA. Some of the typical key terms are as follows:Fund Term: 10 years with the potential to extend the fund another two years with majority LP approval. The extensions are approved on a year by year basis.Investment Period: 5 years. This is the period when the GP can make its initial investments in companies. After the investment period is over, the GP can continue to invest in the existing portfolio companies but can’t invest in any new companies.Investment Restrictions Examples:No more than 15% - 20% of the fund can be invested in a single company;No more than x% of the fund can be invested outside the US (for a US based fund);No investments in specific sectors such as oil and gas or real estate;No more than x% of the fund can be invested into public securities;Can’t guarantee the indebtedness of a portfolio company if the guarantee, if funded, would cause the fund investment to go over the investment cap for a single company;No investment into other “blind pool” entities (i.e. other VC funds) requiring the payment of a carried interest and management fee unless the GP waves the carried interest and management fee paid on these investments. In any case these investments are limited to 5% (low percent) of the Fund.Debt: Borrowing limited to capital call facility and can only borrow in advance of capital calls.Successor Fund: The GP can’t raise a new successor fund until it has invested and reserved at least 2/3 of the current Fund.Conflict of Time: The GP Principals must devote the majority of their business time to the Fund (and other funds currently under management). This goes away when the GP has committed/reserved 2/3 of the Fund as long as the Principals still spend as much time as necessary.Conflicts of Interest:The Principals of the GP can’t personally invest in companies that fit the investment profile of the Fund;The Fund will not invest in companies in which another fund managed by the GP is an investor without the approval of an Advisory Board composed of LP investors;The Fund will not invest in companies where a Principal is an individual investor without the approval of the Advisory Board;The Fund will not purchase equity in a company from a Principal of the Fund without the approval of the Advisory Board;Management Fee: Typically 2% of Committed Capital annually although as high as 2.5% for very small funds. The Management Fee declines when the Investment Period ends on an annual basis. There are various formulas for the declining fee but a typical one is to decline 10% annually with a floor of 1.5%. The management fee also starts to decline if a Successor Fund is formed prior to the end of the Investment Period.Placement Fee: If the GP hires a placement agent (investment banker) to raise all/part of the fund then the GP has to pay the placement fee. Neither the LPs or the Fund will pay any part of the placement fee.Reimbursement of Fees: The Management Fee will be reduced by 50% - 100% of all consulting fees, directors fees, monitoring fees, commitment fees, break-up fees….the GP or its Principals receive.GP Contribution: The GP will contribute at least 1% of the capital of the Fund.Carried Interest: 20%Capital Call Notice: The GP must provide at least 10 business day notice for the LPs to fund a capital call.Distributions:First 100% to the LPs until they have received back 100% of any capital invested by the LPs to date (the GP also is included for its 1% plus investment in the Fund);Then 80% to the LPs and 20% to the GPDistributions Other than Cash: The GP can only distribute freely tradeable stock of public companies. The stock is valued at the time of the distribution.Fund Expenses: the Fund will pay the cost of organizing the Fund (mainly legal expenses) up to a certain amount. $500,000 for instance.Advisory Board: An Advisory Board will be put in to place consisting of LP investors. No member can be an affiliate of the GP. The Advisory Board will review valuations, review and approve potential conflicts of interests and provide general guidance on any issues the GP brings to the Board. The GP picks the Advisory Board members but some LPs require that they have a seat as a condition of investment.Capital Calls: Some LPAs restrict capital calls in any given year in excess of 25% - 33% of the total commitment.Reinvestment/Recycling: The GP can reinvest capital from portfolio company sales such that they ultimately invest up to 110% of the Committed Capital.Defaulting LPs: If an LP defaults on their commitment to fund capital at any time they lose 50% of the value of their investment.GP Clawback: If the GP winds up with more than 20% of the profits of the fund, the Principals of the GP are responsible to return the amount they are over paid at the end of the Fund life.Key Man: In smaller partnerships or those with a dominant figure in the GP there may be a provision that if the important GP Principal leaves the fund or is no longer able to devote time to the fund or if more than x member of the GP leave there will be certain consequences. A typical consequence is that the Investment Period is suspended for a period of time during which the GP presents a plan to the LPs to continue. The LPs can vote whether to continue funding new investments at this point or not. In some cases the suspension ends after a certain period unless the LPs vote to permanently suspend new investments.GP Removal/Suspension: Many funds have a provision for the LPs to remove the GP or suspend the Investment Period upon a vote of a super majority (i.e. 75%) of the LPs.LP Transfer: The GP needs to approve the transfer of an LPs interest to another investor.Dissolution: There are certain trigger whereby the Fund LPs can elect to dissolve the Fund and its holdings are liquidated or distributed to the LPs. This is extreme and there are very limited conditions such as:GP found guilty of breaking the law;GPs leave the fund per the Key Man;GP is determined to be grossly negligent;Reporting:Quarterly unaudited financial reports and descriptions of the portfolio and portfolio activity;Annual audited financials;K-1;The terms above are meant to be illustrative of common terms of a fund but each fund has different terms.Thanks for the A2A.