Syndication Cost
- Packaging & selling of the investment/partnership unit & promotion of it
- marketing & fundraising costs
- production of any offering memo/promotional materials
- legal costs associated with offering, due diligence, costs of transferring assets to the partnership
Organization Cost
- legal & accounting fees necessary to form the Fund
- Facilitate the filings of necessary legal documents & regulatory paperwork required at the state & national levels
Overall Note - Management must evaluate costs incurred by the Fund. Generally, syndication costs are associated with the sale of actual investment units & organization costs are associated with costs necessary to legally create the partnership.
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