SPV Administration – Assure Services

Our Capabilities

Deal Set-up and Investor Onboarding

Consult with client about SPV structure and set-up.
Form regular or series LLC or LP.
Register entity in the applicable state.
Obtain an Employee Identification Number (EIN) on behalf of the SPV.
File a foreign entity registration in all applicable states.
Hire a registered agent for the SPV.
Provide template SPV documents, including operating agreement/limited partnership agreements, PPM, and subscription agreement.
Review investment documents and suggest adjustments or side letters to allow for an SPV investment.

Fund Financing and Deal Closing

Set up a bank account to aggregate commitments, if needed.
Record the receipt of documentation and wire transfers from investors.
Maintain files for each investor and create a ledger of investor information.
Track investor ownership percentages and expense allocations.
Assist with multiple closings.
Assist in closing transactions by obtaining and aggregating executed documents, and transmitting capital to company or sponsor.
Make appropriate book entries reflecting the use of proceeds from the sale of SPV interests to investors.
Account for the wiring of funds to the portfolio company or sponsor.
Assist with potential follow-on (pro rata) investments.

Ongoing Administration

Prepare and send capital account statements to investors.
Pay ongoing SPV expenses including (a) LLC/LP formation and registration fees, (b) tax filing fees, registered agent fees, foreign registration fees, and (c) any other expenses properly incurred.
Assist with all post-close requests related to the SPV investment(s). Assist with waterfall calculations.
Manage periodic distributions to investors.

Taxes and K-1 Services

When needed, prepare and file an annual Form 1065 partnership tax return.
Prepare and assist with the distribution of Schedule K-1s to investors.

SPV Wind Down

Assist or manage the distribution of cash, stock, or other proceeds in a liquidity event.
Shut down the SPV upon complete exit or failure.
Prepare final tax return and distribute final K-1s.

Cryptocurrency

Formation of funds specifically geared for investments into pre-ICO offerings.
Required security filings including Form D and Blue Sky filings.
Maintenance of the fund’s legal status including annual filings.
Preparation, filing, and distribution of annual tax returns, as needed.
Distributions of cryptocurrency once the tokens are available.
Filing of final taxes and fund dissolution.

BENEFITS TO OUR CLIENTS

EXPERIENCE + TECHNOLOGY

PRICING + VOLUME

SIMPLICITY + TRANSPARENCY

Experience + Technology

We know all of the details of creating and managing SPV’s, and pass that expertise on to you. Using our state-of-the-art Glassboard software, you’ll have real-time visibility into deal progress and requirements, and receive notifications for upcoming tasks.

Pricing + Volume

Now you can offload back-office fund administration tasks from employees who are stretched too thin. With our deep expertise and innovative technology, you can create and manage SPVs quickly, affordably, and at volume.

Simplicity + Transparency:

We simplify and expedite the SPV process with complete transparency. From onboarding to management to deal closing, our Glassboard platform ensures that you always know what is happening and get the guidance you need.

SPV One-Pager

SPV ADMINISTRATION //