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Fund Economics

Must I form a management company as a solo GP with no employees, and where I want to distribute management fees directly to the GP?

Decile Base says a ManCo should be formed. However, in Sprint 9, Deliverable 9, the "Distribution" strategy doesn't require the formation of a ManCo. 
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You need to create all 3 entities at the same time, including the ManCo. The distribution strategy referred to in Sprint 9 (https://vcl.to/ManCo-strategy), refers to how the ManCo will be setup to distribute fees and cary to the managing partners and potential employees. 
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Thanks Mike

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