Where is venture headed in Q4? Vote your top 3 trends. Then join the live breakdown and agentic AI demo on Thursday, October 22.
Vote Now
1

Should I Include Yearly Audit Expenses on my Fund Sheet for a US Domicile?

I am seeking guidance regarding the inclusion of annual Audit expenses on my Fund Sheet for a US domicile. While recognizing the potential benefits of maintaining clean records and reducing stress, I would appreciate clarification on whether it is necessary and advisable to incorporate these expenses. Thank you!
1 See in Base
2
We do not recommend an audit for Delaware funds <$20m. Audits are expensive they will negatively effect your metrics as a result. 

Join VC Lab

Raising your first fund? VC Lab has helped launch 1000+ venture firms, with no fees and no equity taken. The average Start Fund reaches first close in 58 days.
Apply Now