Entity Structure

by a searcher

2 years ago

Should I create an LLC or another legal entity for my search? Due to my geographical constraints, I plan to do a hybrid search of funded/ self-funded, and I'm currently putting together typical marketing materials (website, brochure, industry thesis, etc.)
I assume I will need an entity eventually to raise the equity, debt and execute LOIs.
Can anyone provide guidance or direct me to articles on the topic?
Thanks!

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2 comments

lender from The University of Chicago - Booth School of Business

I suggest that you consider a Delaware limited liability company. It is simple, fast and cheap ($250 or less if you do it yourself online). In addition, such an entity can (i) provide a bit of "corporate shield" protection for NDAs, IOIs and LOIs and (ii) add a touch of credibility to your marketing materials (e.g. XYZ Capital LLC instead of John Smith, searcher).

2 years ago | like reply | 1 like

searcher from Stanford University - Graduate School of Business

I'm unable to give legal advice on this, but I can talk through some of the considerations as a searcher. Send me an email --@----.com

2 years ago | like reply | 0 likes

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