# Legal Documents

## File with California SOS
- [ ] Statement of Information (LLC-12) — **due May 27, 2026** ($20) — see [[26.02.27-statement-of-information]]

## File with IRS
- [x] EIN application — Palace Fund LLC — **EIN: 41-4626580** (DONE: 2026-03-03) — see [[26.02.27-ein-application]]

## File with SEC
- [ ] Form D — **due within 15 days of first capital contribution** (free) — see [[26.02.27-form-d]]

## Internal Documents (Not Filed)
- [x] Operating Agreement — **signed via DocuSign 2026-03-09** — see [[26.02.27-operating-agreement]]
- [ ] W-8BEN — Sungho Park — **before first distribution or tax filing** — see [[26.03.08-w8ben-sungho]]

## Banking
- [x] Mercury bank account — **APPROVED AND LIVE (2026-03-12)** — see [[26.03.08-mercury-bank-account]]

## Korean Filings (Sungho Park — Ace Prepares All Forms)
- [ ] 해외직접투자 신고 — **before wire (bank visit)**
- [ ] 외화증권취득보고서 — **within 6 months of wire**
- [ ] 국외투과단체 과세특례 신청 — **before first taxable year (Dec 31, 2026)** — see active-tasks `26.03.05-국외투과단체-과세특례-신청`

## Korean Filings (Annual — Ace Prepares, Sungho Files)
- [ ] 연간사업실적보고서 — **annually, first due ~March 2027**
- [ ] 투명단체 선택신청 — **by May 31, 2027** (after first income year)

## US Tax Returns (Annual — Ace Prepares and Files)
- [ ] Form 1065 + K-1s — **due March 15, 2027** (extension to Sep 15 via Form 7004) — see [[26.03.08-us-tax-returns]]
- [ ] Form 8804 / 8805 — **due March 15, 2027** — see [[26.03.08-us-tax-returns]]
- [ ] California Form 568 — **due March 15, 2027** — see [[26.03.08-us-tax-returns]]

## Annual / Ongoing
- [ ] CA franchise tax — **first due June 15, 2026** ($800/yr) — see [[26.03.08-ca-franchise-tax]]
- [ ] Statement of Information update — **every 2 years** (next: ~May 2028, $20)
- [ ] Form D amendment — if material changes
- [ ] ITIN application for Sungho Park — **start ASAP, 7–11 weeks processing** — see [[26.02.27-itin-applications]]

## Completed
- [x] Legal entity formation — see [[DONE-26.02.26-legal-entity-formation]]
- [x] EIN — 41-4626580 — see [[26.02.27-ein-application]]
- [x] Palace Fund website — see [[26.03.01-palace-fund-site]]

## Not Required
- ~~California blue sky notice filing~~ — parents are Korean residents, sale occurred in Korea, no California nexus
- ~~Form ADV (SEC/state)~~ — family office exclusion applies (Rule 202(a)(11)(G)-1); excluded from definition of "investment adviser" entirely — see [[DONE-26.03.08-form-adv]]