When starting a hedge fund, it is absolutely certain that you will need a lawyer throughout the process at some point. It is always advisable to establish contact with a group of lawyers experienced in financial law who will be be able to help you not only with the initial incorporation, but also with other aspects of establishing the fund. This is not the time for a silly paperwork slip-up that could cost you. Consult the experts. Look around for lawyers that are experienced in financial law, and even better, lawyers that have experience specifically working with and starting hedge funds. The fund entity type that you are able or required to create will depend on your state's regulatory laws. Limited partnerships, limited liability companies, and trusts are the typical entities used to create a hedge fund, but you'll need to research local laws regarding the formation of business entities to learn more. Contact the commerce department in your state.  A limited partnership has two parts. It will have a general partner, who will serve as the manager and is personally liable for all the business's debts and obligations. Corporations can serve as general partners. It will then have limited partners, who are not liable for the debts of the company. For the most part, hedge funds are typically formed as limited partnerships, in which an incorporated group of investors acts as the limited partners, and an investment advisor acts as the general partner If you're spinning off from an investment bank, it's typical to try bringing some coworkers with you to your new venture. A good team is essential to success.  It's hard to sell yourself to investors without first establishing a successful track record. Choosing workers with great employment histories and successful track records buying and selling securities will help in the long run, seeding your company with human capital and enabling you to hit the ground running. When establishing a team, your goal should be to first finding people who you have a strong personal chemistry with, and who share your vision. Your next criteria should be experience. For example, if you are starting a market neutral fund, choose analysts who have experience doing the kind of high-level analytical work that is associated with creating a fund like that. Your fund needs to have a name attached to it before you can fill out the proper paperwork. It should be something that sounds memorable, stable and reputable. Use the name to promote your image. Try to connect the name of your fund to its overall strategy in some way. For example, if you are operating a market neutral fund that attempts to eliminate exposure to the overall market and generate steady, reasonable returns, your name should reflect this vision. In the U.S. your fund entity will need to get a Federal Employer Identification Number (FEIN) from the Internal Revenue Service (IRS). This can be done by calling the IRS or going to its website and filling out the necessary forms. It's free to get your ID number. The process takes only a few minutes and can be completed online. You will need to register with the Securities Exchange Commission (SEC) as an investment advisor if you have 15 or more investors associated with your fund. If you have less than 15, you generally do not have register with the SEC, but it is advisable to do so anyways since it adds to your overall credibility.  In addition, most states require an prospective investment adviser to pass the Uniform Investment Adviser Law Examination (Series 65). Some states will waive exams for holders in good standing of professional designations such as the CFP, CFA, or CIC. To register you'll also need to take the Series 65 regulatory exam. This three-hour test covers your basic knowledge of securities laws and practices as well as your understanding of ethics. When you pass the exam you will be a licensed investment advisor in your state. Fill out a form U-10 with your state to register for the examination, then pay the small exam fee and schedule your test. It typically costs around $30.
استعن بمكتب محاماة متخصص. حدد نوع الكيان الذي ترغب في إنشائه. اجمع فريقًا استثماريًا مكونًا من مستشارين موثوق بهم. ضع اسمًا للصندوق. قدم على بطاقة ضريبية. سجل تحت مسمى مستشار استثماري.