Hi guys, I'm trying to decide whether or not I need to use a law firm to officially form an incubator fund for what I'm currently doing. Here's my situation. I've developed a strategy that I'm currently trading with a small amount of money (<50k). The account is registered under my corporation (which is Canadian). I'm based in Canada but I trade US equities and options. I use leverage in my strategy (occasionally). I've built up a decent track record... I'm up around 25% year to date, including all fees. Before going live at the end of last year I paper traded the strategy for over a year and had excellent results and was able to iron out some of the kinks to get the system to a point where returns are excellent but so is risk management. I would like to advertise my track record and bring in investor funds. I would feel comfortable managing 5 million in this strategy - liquidity would allow for that amount, and I'd like to see where I can go with this. My background is as a prop trader and I have traded millions before, managing 5m would not be foreign to me. Now, is it necessary for me to consult with a law firm and set up an official "incubator fund" or can I simply have my corporate account audited by a third party and advertise those results? Obviously I'd prefer to spend less money in the startup phase if it's possible, at least until I have large enough investor interest that the potential account size would be self-sustaining and I could start the fund properly. Any advice from those who have started a hedge fund is greatly appreciated.