All Questions

with tagManCo
1
Ask a Question
1

Is it necessary that I incorporate the LP, GP and ManCo simultaneously or can I register a DE LLC as a ManCo first?

Asked by:
Community Member
1
0
0
Jun 15, 2023

I already have almost 2% in hard-circle money and need to check the details on incorporating the ManCo, especially on how to start and through whom (platform) to do it. I'll have an advisor/LP in the ManCo who may become a partner. So I need to ex...

Top answer:

DO NOT INCORPORATE ANYTHING. Stop now. This is a major waste of time and effort. You need a minimum of 10%+ hard circled via PACTs to begin a formation process. Then, you need to work with super specialized VC formation attorneys to get ...