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Accounting & Taxes

What can be the different components of the Liability section in the balance sheet of a fund’s account?

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The Liability section in the balance sheet of a fund’s account can include various components such as: - Management Fee Payable - Legal formation fees - State domicile filing fees - Blue Sky Fees - Form ADV Filing - Annual Tax Preparation - CPA/Accountant fees for bookkeeping and financial statement preparation - Legal Operations - KYC/AML and other compliance expenses - Treasury (banking) fees These components represent the various obligations and expenses the fund is responsible for.

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