Fund-Raising Expenses
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In the general framework for mapping resources proposed by Benoit F Leleux the following points are made with respect to Fund-Raising expenses:
- Fund raising may cost a lot of money, time and effort
- Therefore it should be planned early when cash is still available.
- Sources of finance may differ dramatically in costs:
- Documentation expenses
- Putting together financial reporting
- Getting independent audits on the reports
- Expert advice from accountants, lawyers, investment bankers or consultants
- Search costs
- Opportunity costs related to changes in the initial project
