Fund Formation Frequently Asked Questions
Below are the most common questions we receive about our fund formation packages:
What is included in the packages? This depends on the package you have selected. All packages include creation of the legal entities, and all the documents, forms and registrations necessary to launch your fund. With our more comprehensive packages, through our Partnering program, an attorney will review, sign off, and register your Fund. This works the same as using a traditional law firm directly except that we do all the paralegal work, saving you thousands of dollars in professional legal billing. Our complete start-up package also includes a company logo design, a company website, Executive Summary and launch pad services.
How long will it take to get the legal structure set up and I am ready to launch my fund? The time it takes to form a fund and have it operational is dependent on many variables. A reasonable timeline to form a fund is 4 - 8 weeks. However, we often complete work within 3 weeks.
Do I need an attorney? There is no regulatory requirement to have an attorney, but doing so is highly recommended. With the economy package we provide the documents and forms ready for attorney review. In the complete start-up package, through our Partnering program, an experienced securities attorney will review, sign and file the documents.
Do you offer services for both onshore and offshore fund creation? Yes, we service Domestic Onshore funds and Offshore funds in such jurisdictions as BVI and Cayman Islands.
Does State of formation and/or operation matter? Yes, it matters significantly especially in areas such as regulation, compliance and taxation. We provide guidance in these matters.
If I just want to have a traditional law firm create my documents can you still offer assistance? Yes, we work directly with a number of law firms and will make an appropriate recommendations on request. We offer this service because we believe if we provide you with quality referrals you will utilize us to address other needs in the future and we want your business.
Do you provide other services for hedge funds? Yes, formation is just the first of a complete line of services offered by our Company. Our services include accounting, administration and tax. Services can be bundled or unbundled.
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STRATEGIC which provides certain fund administration services to hedge funds and funds of funds. STRATEGIC is not an investment adviser or an investment company (as the terms are defined under U.S. State and Federal Securities laws and regulations), nor is STRATEGIC a law firm. STRATEGIC is not regulated by any state or Federal securities agency.