Establishing the ideal legal structure for a startup studio is no easy feat—it’s complicated, perplexing, and costly, often leaving investors bemused and reluctant.

Many new studio GPs incur $200k+ in legal fees over 18 months trying to decipher the model.

But what if there was a more refined, scrutinized, and clear approach to studio structures?

I recently met Byron Dailey at Fenwick, a prestigious law firm, who has conceived the most cogent and extensive series of studio structures ever seen.

A few years ago, Byron saw that there was no established, customary way to organize a venture studio or even it’s cousins; accelerators and incubators. He set out develop models that tackle the most pressing long-term and short-term issues that studios face, including tax, IP, and securities laws.

Byron and I recently sat down to uncover his models and frameworks, revealing the inherent benefits and limitations of each.

We invite you to delve into this deep-dive, uncovering methodologies and structures that might be the key to your startup studio’s success.

I urge studio GPs and those thinking of launching a studio to watch the full video and refer back to the accompanying article as needed. It is crucial to spend a little more money upfront with sophisticated, experienced advisors to develop proper structures, because you will end up saving a LOT more money in the long haul when you have successful, exited companies in your portfolio.

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The Gallery is Presented by Fenwick and VSA.

Produced by Thursday Labs.