1) I assume it does because if all goes well, you seemlessly transition to a Hedge Fund domiciled in that state. Correct? 2) If the state matters, Delaware is the place to register it, right? Even though I hear good things about Nevada and Wyoming? Any reason why I should consider those to states. (I live in Seattle but could see myself as a legal Nevada resident someday, which may or may not tilt things.) 3. Do I have to be a RIA to run a Delaware-registered (or Nedava or Wyoming) incubator fund if I live in Washington? Thanks much,