Learn how the Start Fund allows you to launch a real VC fund instantly with no up front costs.
RSVP for May 29th
Previous Post
Next Post
1

Asked by

Community Member

on

in

Venture Legal

Where should the fund be incorporated?

If I create a fund that invests in startups in US and Canada but i'm based in Toronto, should the fund be registered within the country I'm in or anywhere in the investment geographic area?
Sydecar for example does the registration in Delaware so is that the best option from a fund or personal finance point of view.
1 See in Base
0

Answered by

Mike Suprovici

on

Sydecar is not an option for VC firms. So don't waste any time on this matter until at least $1m US is hard circled via PACTs. This is one of the last decisions that a fund manager should make. 

That being said, since you seem to be a Canadian citizen, it will be much more beneficial for you to be domiciled in Ontario. 

Join the Leaders of Venture 2.0

Our graduates are creating disruptive capital with exceptional expertise, ethical investing practices, and exceptional returns. Whether you're launching your first fund or scaling an established firm, VC Lab provides the tools, network, and support needed to succeed in today's venture landscape.

Apply Now
How do I start raising my first venture fund? What are the key considerations for becoming a Limited Partner?
How can I improve my emerging manager firm's deal flow? What strategies help attract institutional LPs?
How do I build a compelling investment thesis? What are best practices for portfolio management?
How can I differentiate my VC firm in a crowded market? What are the typical fund terms for emerging managers?