To start using a Special Purpose Vehicle (SPV) with Syndicately, one thing you’ll need is a management entity. An SPV is a subsidiary created by a parent company to isolate financial risk. SPVs allow lots of capabilities including securitization, property sales, and more.
Creating a management entity might seem complicated, but we’ve got the tools to make it easy. Many of our clients use the services of a Delaware Registered Agent service. This guide will walk you through the process of setting up a management entity. Many people choose Delaware to set up their SPV. It is a popular location due to its business-friendly laws and courts.
1. Why Delaware?
More than 1 million businesses, including over 60% of Fortune 500 companies, are incorporated in Delaware. The Delaware Court of Chancery has well-developed case law for corporate matters. Moreover, Delaware’s laws allow a company’s Board of Directors to act in the best interest of the company. Even in the face of a takeover bid, the laws in Delaware have many unique features not found in many states.
2. Role of a Registered Agent
When setting up an SPV, a Registered Agent is a crucial component. The Registered Agent serves as the point of contact to receive service of documents. These can include process notices, correspondence from the Secretary of State, and other official notifications. Delaware Registered Agent Service ensures that important documents get documents delivered to you.
3. Setting Up an LLC with Delaware Registered Agent Service
As we mentioned, to get started on Syndicately, you’ll need to set up a Limited Liability Company (LLC). Delaware Registered Agent Service LLC provides a comprehensive package to help you establish your LLC. They prepare your certificate of formation, file your documents on the same day you place an order, and process at the expedited 1-day filing time. The total cost for a Delaware LLC or corporation is relatively inexpensive.
4. International Applicants: Obtaining an ITIN
For international citizens, the process slightly varies. Instead of an SSN, you’ll need to apply for an Individual Taxpayer Identification Number (ITIN). This can take up to seven weeks, but once you have it, you can use it to establish your LLC in Delaware.
5. Ongoing Support and Document Management
With Delaware Registered Agent Service, the support doesn’t end after your company is incorporated. You’ll also receive timely reminders to file your annual franchise tax report. All service of process and important documents are uploaded into your online account immediately in full scan. It’s a straightforward, cost-effective solution for managing your SPV as you get started on Syndicately.
6. Cost-effective Service
When it comes to cost, Delaware Registered Agent Service stands out. They proudly claim to be the cheapest Delaware Incorporator, and you won’t find a cheaper price. With other services, you may spend twice what you’d spend with Delaware Registered Agent Service, LLC. They provide a one-stop solution to remain compliant while also keeping your costs to a minimum.