![]() ![]() You will also be billed for every word, call and email that your law firm associate works on since if they do not bill sufficient hours, they will lose their jobs. Most law firms take approximately 3 months to set up a fund but it could take longer depending on the complexity. ![]() Overworked associates have numerous clients to attend to and since you are a start-up client, you will not be their first priority. Question #2: How long will it take to get the legal structure 100% setup and ready to go?Īnswer: If you hire a law firm to set up your fund, you are the mercy of that law firm’s schedule. FundForm’s Comprehensive Hedge Fund Package includes the necessary certificates, documents, and agreements to form both the fund and the general partner, along with comprehensive step-by-step instructions explaining how to handle every step. Since a limited partnership needs to have a general partner, it is advisable for liability purposes to create a limited liability company to serve as the general partner of the fund. How should we set up the legal structure for this fund?Īnswer: The typical legal structure that the majority of investors in hedge funds expect to see is setting up the fund as a Delaware limited partnership. Question #1: We are starting a hedge fund. ![]() Top 3 Common Hedge Fund Formation Questions: While we have many common questions answered within our FAQ section of the website, below are the top three most common hedge fund formation questions that we have received in the past. With our fund formation services, your satisfaction is 100% guaranteed. Our documents have been updated within the last 3 months and they have stood up to the scrutiny of some of the largest and most expensive law firms in the investment industry. To know exactly what you are getting and not getting by purchasing our fund formation package, please read our full Terms of Use. While we realize that with some products Terms of Use are a formality, these are very important to understand. Legal Note: We have very specific and legally binding Terms of Use specific to using our legal documents.
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