NYPEN Accounting & Tax Series Overview:
The series consists of evening education seminars designed to teach attendees about accounting and tax topics commonly encountered by private equity and venture capital investors. The seminars will be taught by professionals from Ernst & Young's Transaction Advisory Services practice, who will draw upon their deal experience to share insights on key issues facing investors in structuring and executing equity investments, leveraged buyouts and recapitalization transactions. The series will offer attendees the opportunity to improve their working knowledge of critical accounting and tax concepts and will address how investing professionals can avoid commonly made mistakes in completing transactions.

Tax Structuring of NOLs:
The September 12th class is designed for private equity professionals involved in the structuring and modeling of transactions that could involve NOL carrybacks and/or carryforwards. The session will include a brief overview of the rules relating to such carrybacks and carryforwards, and a discussion of the various limitations that can restrict the utilization of a target's NOLs and other attributes following an acquisition.

Session Details:
*Date: Tuesday, September 12, 2006
*Time: 7:00 pm - 8:30 pm (followed by cocktails)
*Location: Ernst & Young's office - 5 Times Square (7th Ave b/w 42nd and 41st Streets)

Appropriate Audience:
Please note that this event, like all NYPEN events, is by invitation only and open exclusively to professionals at private equity and venture capital funds. If you have colleagues at your fund or at other funds who you would like to invite, please have them register for NYPEN membership at www.nypen.org. The registration process is very brief and, once registered, they will receive invitations to all future NYPEN events.

Registration:
Registration is free, however is limited to professionals at private equity and venture capital funds.