Takeover (Takeon, SPV Takeover)
A takeover of the administrative, windup and post close activities of an existing SPV or fund which has already closed.
SPV Dictionary
This Special Purpose Vehicle (SPV) Dictionary serves as a comprehensive resource for understanding the terminology associated with these financial instruments. SPVs, by their nature, can involve a complex interplay of legal, accounting, banking, tax, compliance, and administrative considerations. This dictionary aims to provide clear and concise definitions for the key terms encountered in the context of SPVs.
Tax Extension
Every tax form has a required file date but the IRS allows for extensions to this file date. Filing a tax extension changes the file
Taxable Event
Any event or transaction that results in a tax consequence for the party who executes the transaction is considered a taxable event. Common examples of
TIN (EIN)
Taxpayer Identification Number (TIN) and Employer Identification Number (EIN) are defined as a nine-digit number that the IRS assigns to organizations. The IRS uses the
Title III (Regulation Crowdfunding/Reg CF)
Crowdfunding regulation instituted as part of the JOBS Act. Title III allows issuers to raise funds online from non-accredited individuals for investment purposes. Issuers of
Traditional LLC/LP (Regular LLC/LP)
Before the Master Series LLC/LP structure was codified there was only LLC or LP. Now, because the Master Series structure can cause confusion, we need