Self Funded Search structure

by a searcher from University of Virginia-Darden - Darden School of Business

3 years ago

I'm launching a largely self funded search with a small number of investors.  I would like to hear the different vehicles that other searchers have used.  Did you start LLC and for the search and then formed a special acquisition vehicle for the actual acquisition or just for one vehicle for all and use it for both part?

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19 comments

searcher from Texas A&M University

I have an LLC I use actively to tie any interns to my organization via NDAs. You will notice early that 'employees and other similar individuals' are the only ones able to view confidential information received by brokers or owners. The LLC allows me to share information under this umbrella as well as acting as the entity that will be used at time of purchase.

3 years ago | like reply | 1 like

searcher

You definitely want to handle everything upfront in your agreement, it’s the little things you forget to add that bite you in the end

3 years ago | like reply | 0 likes

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