Traditional/Self-Funded/Single Sponsor Models

January 30, 2019
by a searcher from University of Pennsylvania - The Wharton School in Silicon Valley, CA, USA
I'm new to search funds. Can someone from the community please explain the differences between Traditional, Self-Funded and Single Sponsor search fund models? If a Self-Funded model means that the searcher puts in all the capital to fund the search, then is it necessary to actually form an LLC to house one's own search capital?
from University of Wisconsin in Middleton, WI, USA
from University of Texas at Austin in Lexington, KY, USA
In most states its fairly easy and inexpensive to set-up an LLC, get your FEIN and open a bank account. Also, might help with budgeting. You can do all the setup on your own in a couple of hours,