Variable Capital Company (VCC) Model Constitutions and Guidance Notes
Variable Capital Company (VCC) Model Constitutions and Guidance Notes give pointers as to how model constitutions can be structured.This can help cut down on transaction costs and reduce friction during the negotiating process for company founders and investors.
The Variable Capital Companies Bill was passed in Parliament on 1 October 2018. The Bill created a new type of corporate entity, the Variable Capital Company (VCC), which is tailor-made for investment funds. The VCC can be set up as a single standalone fund, or as an umbrella fund with two or more sub-funds, each holding different assetsprovide a set of model agreements for use in seed rounds and early stage financing.