Startup Funding Espresso -- Accounting and Governance
Accounting and Governance Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are specific rules for the governance of a VC Fund. The limited partners must be accredited investors. There can be no more than 99 investors in the fund. There can be no \u201cbad actors\u201d in the fund.\xa0 Venture funds are different from companies in that they are partnerships. For accounting, fund managers need to keep accurate records and track the ownership of each Limited Partner. The funds are illiquid with long holding periods. Management fees need to be calculated and drawn from the fund at the appropriate time. The fund manager must calculate the carry and make clear what has been paid. The manager should seek tax efficiency by matching the taxes to the income. Finally, the manager should provide financial reports quarterly and annually. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .