Necessary legal entities for the Search Fund

by an intermediary from University of California, Los Angeles - UCLA Anderson School of Management

5 years ago

Can someone help me understand the various legal entities that need to be created before starting my search fund efforts?

I wanted to quickly set up an LLC to run my MBA expenses through and then want to use it later as my search fund entity. Any conflicts doing that?

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7 comments

searcher from Massachusetts Institute of Technology - MIT Sloan School of Management

In some states (maybe all), you can file an assumed name as a sole proprietorship, which is your legal entity if you just go out on your own without another legal entity, like an LLC. I would think you can file "XYZ Capital" as your assumed name. In other words... Karl Kulling d.b.a. XYZ Capital.

4 years ago | like reply | 0 likes

searcher from University of California, Berkeley - Haas School of Business

LLC is the common structure. I have some experience on expenses but prefer to discuss offline. PM me if you'd like to chat.

5 years ago | like reply | 0 likes

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