2

Should the Fund support a yearly audit request?

Asked by:
Community Member
1
0
0
Jul 06, 2023
1 answer
Accepted Answer
Jul 06, 2023
Generally, no - an emerging, smaller Fund should not support a yearly audit request. 

Since the goal is to maximize the returns for LPs, it is preferred to use as much of LP's capital as possible to make investments rather than on fund expenses.

However, our tax partner, Spicer Jeffries, can do an audit every year. It is not very common for smaller funds to have audits and we strongly recommend against an audit due to the expense and extra lift required for reporting.

Log In or Sign Up

Please Log In, or Sign Up to participate in the discussion.

Apply to VC Lab Cohort 15

Get full access to Decile Base and the Decile Hub venture platform for free by joining the VC Lab program.

Apply to VC Lab Cohort 15