Some general guidelines for initiating the venture capital or private equity firm are below as:

• The initial stage is to decide the type of firm one should open and then registering it with the prevailing law and authorities such as SEBI.
• In the next stage, the memorandum is created that highlights the team of experts available for handling the funds of investors, the firm's strategy to invest the funds and terms, and conditions that need to be complied by the investors.
• The firm is required to arrange for the funds to market their product and schemes for attracting more clients to their business.
• The last step is setting up a trustee who manages and keeps watch over the funds of the entity.