Prepare to Invest: 506(c) Offerings

Below is an executive summary of how to prepare to subscribe with SPI:

1. Know the legal name you'll use to invest (i.e., your Title). Consult with your CPA, attorney, or Financial Advisor to ensure that the Title you choose takes your specific tax, estate planning, & financial planning needs into account.
2. Gather required, fully executed legal documents. If subscribing with a legal entity (e.g., LLCs, trusts, retirement plans, etc.), collect fully executed legal documents that identify both signing authority and equity ownership.
3. Obtain a Third-Party letter verifying accreditation. Because 506(c) offerings require that all investors be accredited, obtain a Third-Party Verification Letter in appropriate legal names from a qualified individual as defined on the template provided (instructions by Title type & template below). Using our template shortcuts the process.
4. Know how you'll file taxes for the way you're investing. Another way to say this is to be prepared to answer this question... "What tax return of yours will include our K-1 data?" Consult your tax advisor for help.
5. Collect ACH instructions for the U.S. bank account where we'll send your distributions. ACHs are different than wires – confirm instructions with your bank to ensure accuracy.
6. Ensure funds are cleared & in the account from which you'll wire to us for the investment.
7. For existing investors planning to invest with the same Title, review your SPI Investor Portal and update data and/or provide us with legal documents, if amendments have been made.

Now that you've seen the outline above, please review the more detailed resources below (all quick) that supplement the executive summary above.

• Getting Started Guide (3-pages) - explains the above steps AND provides preparation requirements based on how you will take title (e.g. Self-Directed IRA, Entity, Trust, etc).
• Third-Party Verification Letter Instructions by Title Type (1-page) - provides instructions on legal names to use on the Third-Party Verification Letter for a given Title type.
• Third-Party Verification Letter Template - a template we encourage you to present to your third party to get a head start on the accreditation verification process.
• Preparing to Invest (<5 min) - video

SPI's Subscription Process