Discuss what promotional efforts you will undertake to reach your target market. Starting a hedge fund in Canada typically takes about a month, and the cost of professional fees is likely to range between CAD 25, and 35, Investment companies purchase securities issued by companies, and they also issue securities which their clients buy. Finally, financial statements must be prepared in accordance with Canadian generally accepted accounting principles GAAP and National Instrument rules. The general partner is personally liable for the company’s obligations, but its limited partners are not. However, without a prospectus, it is limited to specific investors. You will need your jurisdiction’s permission to form an LLC.