Partnership and LLC contributions
Committees can receive contributions from partnerships and limited liability companies (LLCs) under certain circumstances. A permissible partnership or LLC contribution counts against the contribution limits for both the partnership or LLC and the individual partners or members.
Committees report information about the partnership or LLC and the individual partners or members making up the contribution.
The Commission has adopted a sample donor response form that can be used as an example for committees that seek and accept contributions from LLCs.
Reporting on candidate forms
House and Senate committees report contributions from partnerships and LLCs on Form 3, Schedule A, supporting Line 11(a)(i). Information about the individual partners or members is itemized on Line 11(a)(i) using memo entries. If no individual partners or members exceed the itemization threshold, include a note in the description field. For federally permissible LLC contributions, include a description indicating the committee verified that the contribution is from federally permissible sources.
For example, First Ladies Partnership gives $2,000 to the committee. Abigail Adams and Dolley Madison each own half of the partnership, so the committee discloses $1,000 coming from Abigail and $1,000 coming from Dolley.
In this example, the First Ladies Partnership and its required itemized information is disclosed first on Schedule A, Line 11(a)(i). The note to “see partnership attribution below” tells the public to expect information about the partners or members.
The individual partners, Abigail Adams and Dolley Madison, are disclosed as memo entries connected to the partnership. The amount field only shows their portion of the partnership's contribution. These memo entries include all of the required itemization information and a helpful note that connects the partners or members to the main partnership entry.
Monroe LLC gives $500 to the committee and none of its individual partners or members exceed the itemization threshold. In addition, the committee has verified this is a federally permissible contribution.
In this example, Monroe LLC and its required itemized information is disclosed on Schedule A, Line 11(a)(i). The committee includes a notation that none of the individual partners or members require itemization and that the contribution is from a federally permissible source.
Reporting with FECFile
Enter the partnership or LLC contribution on Line 11(a)(i). Right click on the entry and click “Transaction Split” to create the memo entries for the individual partners or members.
