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How It Works

Lifecycle of a Syndicate

Streamline   Advantage

SM

  • Simple and timely formation

  • Professional administration for life of the syndicate

  • Efficient liquidation of investment

5

Coordinate liquidation and dissolve LLC

4

Oversee the investment until liquidation

3

Sign documents and disburse funds to close the investment

2

Issue capital call and collect funds

Form LLC and coordinate investor documents 

1

3-6 Weeks
FORMATION

  • File the LLC with the State and secure Tax ID from IRS

  • Secure legal documents to form the LLC

  • Set up banking and accounting systems

  • Obtain commitments from investors, oversee dissemination and completion of legal documents

  • Issue capital call, collect funds, deposit to bank

  • Set up system to manage member records and accounting records

  • Execute company's subscription documents to close the investment

  • Disburse funds to company and pay expenses

1-10 Years
MANAGEMENT

All Investments:

  • Renew the LLC annually

  • Maintain member records and update when life events occur

  • Maintain accurate accounting records including member capital accounts

  • Coordinate decisions and voting on shareholder matters of investment

  • Monitor and communicate progress of investment

Stock or Convertible Security:

  • Issue capital calls to cover expenses as needed

  • Coordinate tax returns and issue K-1s to members when security converts or upon liquidation (annual tax returns typically not required)

Recurring Revenue:

  • Oversee bank account and reconcile monthly

  • Receive payments from investment company

  • Prepare disbursements to investors and to pay expenses

  • Coordinate annual tax returns and issue K-1s to members

2 Weeks - 2 Years
LIQUIDATION

  • Coordinate execution of any legal documents associated with liquidation

  • Facilitate any decisions and voting on options by members

  • Receive disbursement and prepare pro-rata payments to members

  • If payout over time, continue to monitor and manage until liquidation is complete

  • If bankruptcy, notify investors of loss

  • Dissolve the LLC with the State and IRS

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