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Terms of Service

K-1 Collector LLC

Effective Date: April 1, 2026

Contact: hello@k1collector.io

IMPORTANT NOTICE REGARDING ARBITRATION: THESE TERMS REQUIRE BINDING ARBITRATION AND LIMIT THE REMEDIES AVAILABLE TO YOU.

1. Description of Services

K-1 Collector LLC ("Company") provides a secure document management and tracking platform for Schedule K-1 tax documents and related entity information (the "Service"). The Service is a software tool only and does not provide tax, accounting, financial, or legal advice.

2. Eligibility and Authority

You represent that you are at least 18 years of age and legally capable of entering into binding agreements. If you access the Service on behalf of an entity, you represent that you have authority to bind such entity.

3. User Responsibilities

You are solely responsible for:

  • Accuracy of uploaded documents and data
  • Ensuring lawful authority to upload tax documents
  • Maintaining confidentiality of credentials
  • Compliance with applicable tax and privacy laws

4. Sensitive Financial Information

The Service may store highly sensitive financial and tax data including EINs, SSNs, ownership information, capital accounts, and income allocations. You acknowledge and accept the inherent risks associated with electronic storage of such data.

5. Information Security

Company maintains commercially reasonable administrative, technical, and physical safeguards, including encryption in transit (TLS/SSL), encryption at rest, role-based access controls, secure hosting infrastructure, monitoring, and authentication safeguards. No system is guaranteed to be 100% secure.

6. California & U.S. State Privacy Compliance

Company does not sell personal information as defined under the California Consumer Privacy Act (CCPA) or similar state laws. Users may request access, correction, or deletion of personal data by contacting hello@k1collector.io. Company will comply with applicable state privacy laws.

7. Data Processing & Confidentiality

Company processes data solely for the purpose of providing the Service. Access to customer data is restricted to authorized personnel under confidentiality obligations. Company will not disclose tax documents except:

  • As required by law
  • To service providers under written agreements
  • As authorized by the user

8. Subscription & Fees

Subscriptions are billed in advance and auto-renew unless canceled. Fees are non-refundable except as required by law.

9. Disclaimer of Warranties

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE." COMPANY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW:

  • COMPANY SHALL NOT BE LIABLE FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES.
  • COMPANY SHALL NOT BE LIABLE FOR TAX PENALTIES, MISFILINGS, OR USER ERRORS.
  • TOTAL LIABILITY SHALL NOT EXCEED THE TOTAL FEES PAID IN THE PRIOR 12 MONTHS.

11. Indemnification

You agree to indemnify and hold harmless Company from claims arising out of misuse of the Service, violation of law, or unauthorized upload of financial data.

12. Governing Law & Arbitration

These Terms are governed by the laws of the State of Connecticut. Any dispute shall be resolved exclusively by binding arbitration in Connecticut under the rules of the American Arbitration Association. Class actions are waived.

13. Modifications

Company may update these Terms at any time. Continued use constitutes acceptance of updates.