It is required to register the fund (while researching) as a LLC/LTD?

by a searcher from INSEAD

5 years ago

I mean, it is possible to raise the funds for the research phase without a legal constitution in US or investors don't operate this way? If possible, it saves a lot of money...

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4 comments

investor from University of Notre Dame

Find an attorney or two to speak with - they will talk and help you with plenty of free advice before they start to charge you.

5 years ago | like reply | 0 likes

searcher from Harvard University

Yea are you talking about setting up the LLC or registering with SEC? The former is super simple and cost is minimal. I did it myself in NY State for <$400. For the latter, unless you are planning on a large fundraise with multiple outside investors, it is wholly unnecessary.

5 years ago | like reply | 0 likes

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