Securities & Funds
Fund Formation
Launch your investment fund on a solid legal foundation. Fixed-price document packages, no hourly surprises, and attorneys who actually understand fund economics.
Starting at $14,997 · 2-4 week turnaround · Fixed pricing
What We Cover
Every Fund Structure
We've formed funds across every major asset class. Whether you're a first-time manager or launching your fifth vehicle, we know the nuances that matter.
The Package
What's Included
Every fund formation package includes the core documents you need to raise capital legally and professionally.
Limited Partnership Agreement
The governing document that defines the relationship between your GP and LPs, including economics, governance, and key terms.
Private Placement Memorandum
Your offering document that discloses material risks, strategy, terms, and conflicts to prospective investors.
Subscription Agreement
The contract each investor signs to commit capital, including representations about accredited status and suitability.
Investor Questionnaire
Collects the information you need to verify investor eligibility and comply with your chosen securities exemption.
Side Letter Template
A framework for negotiating individual investor accommodations on fees, co-investment rights, or reporting.
Investment Adviser Memo
Analysis of your registration obligations under federal and state law, including available exemptions.
Need additional services?
Form D filing, blue sky filings, tax structure consultation, ongoing fund counsel, and compliance calendar setup available as add-ons.
How It Works
From Questionnaire to Fund-Ready
Complete the Questionnaire
Tell us about your fund in about 5 minutes. We'll ask about structure, terms, investors, and strategy.
Receive Your Quote
We'll review your answers and send a fixed-price quote within 24 hours. No surprises, no hourly billing.
Kick-Off Call
We schedule a call to refine the details, answer questions, and make sure we're aligned before drafting begins.
Document Drafting
We draft your complete document package. Typical turnaround is 2 to 4 weeks depending on complexity.
Review & Finalize
You review the drafts, we incorporate feedback, and you walk away with fund-ready documents.
Pricing
Fixed Pricing. No Surprises.
We don't bill by the hour for fund formation. You get a fixed quote upfront so you know exactly what you're paying before we start.
Core Package
$14,997Starting price. Final quote based on your specific fund structure.
- LP Agreement or LLC Operating Agreement
- Private Placement Memorandum (PPM)
- Subscription Agreement & Investor Questionnaire
- Side Letter Template
- Investment Adviser Memo
- 4 Hours of Consultation
Entity formation: +$500/each (GP + Fund)
Form D filing: +$877
Blue sky filings: varies by state
FAQ
Common Questions
How much does fund formation cost?
Our core fund document package starts at $14,997. This includes the LPA/Operating Agreement, PPM, subscription documents, side letter template, and investment adviser memo, plus 4 hours of consultation. Entity formation is an additional $500 per entity.
How long does the process take?
Typical turnaround is 2 to 4 weeks from kick-off to final documents. Complex structures or rush timelines may vary. We'll give you a specific timeline in your quote.
Do I need a PPM?
Technically, there's no legal requirement to provide a PPM for a Rule 506(b) offering to accredited investors only. Practically, you should have one. It protects you from fraud claims, sets investor expectations, and is expected by sophisticated LPs. If you include any non-accredited investors, disclosure is mandatory.
What securities exemption should I use?
Most funds use Rule 506(b) (no general solicitation, pre-existing relationships) or Rule 506(c) (public marketing allowed, but must verify accredited status). We'll help you pick the right one based on your investor base and marketing plans.
Do I need to register as an investment adviser?
It depends on your fund structure, AUM, and state. Many fund managers qualify for the private fund adviser exemption or venture capital fund adviser exemption. Our IA memo analyzes your specific situation and recommends the right path.
What about state filings?
Rule 506 offerings are federally preempted, but most states require notice filings (Form D + state-specific forms) and fees. We handle Form D filing on EDGAR and can manage blue sky filings across all 50 states.
Can you help with an existing fund?
Yes. We work with funds at every stage, from formation to amendments, subsequent closes, and restructuring. If you have existing documents that need updating, we can review and revise them.
Ready to Launch Your Fund?
Complete the questionnaire and we'll have a fixed-price quote in your inbox within 24 hours.
Or call us directly: (855) 625-7085