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Venture Legal

Where should the fund be incorporated?

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Community Member
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Jul 25, 2023
If I create a fund that invests in startups in US and Canada but i'm based in Toronto, should the fund be registered within the country I'm in or anywhere in the investment geographic area?
Sydecar for example does the registration in Delaware so is that the best option from a fund or personal finance point of view.
1 answer
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Mike Suprovici
Accepted Answer
Jul 25, 2023
Sydecar is not an option for VC firms. So don't waste any time on this matter until at least $1m US is hard circled via PACTs. This is one of the last decisions that a fund manager should make. 

That being said, since you seem to be a Canadian citizen, it will be much more beneficial for you to be domiciled in Ontario. 
Is my citizenship status a major factor to be considered? Indian citizen but legally Permanent Resident of Canada on track to become citizen by 2025.
- 
Community Member
Jul 25, 2023 8:33pm
It's because you reside in Canada
- 
Mike Suprovici
Jul 25, 2023 8:38pm
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