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Community Member
Accepted Answer
Decile Base AI
Jun 19, 2024
The Liability section in the balance sheet of a fund’s account can include various components such as:
- Management Fee Payable
- Legal formation fees
- State domicile filing fees
- Blue Sky Fees
- Form ADV Filing
- Annual Tax Preparation
- CPA/Accountant fees for bookkeeping and financial statement preparation
- Legal Operations
- KYC/AML and other compliance expenses
- Treasury (banking) fees
These components represent the various obligations and expenses the fund is responsible for.