Frequently asked questions about Syndicate SPVs - Investor Onboarding

What’s the best way to reach each Carta team during onboarding?

Please reach out to our Support team either by sending an email to investorservices@carta.com or by calling +1 (801) 890-7542.

Who can invest in a Syndicate SPV?

All investors must be U.S. accredited investors, regardless of where they are located. There may be additional geographic limitations, depending on AML/KYC restrictions. For more information on Accredited Investors, please see this support article.

What is KYC and is it a requirement?

KYC stands for “Know-Your-Customer” and is required for Anti-Money Laundering (AML) purposes. This is a required step in the SPV process and needs to be completed by investors ahead of wiring funds.

An instant KYC check will be performed once an LP signs their subscription documents. You’ll see the LP’s status marked as “KYC required” to indicate that the due diligence checks are in progress. If additional documents are needed, our KYC team will get in touch so you can work with your LP to gather that information.

Can I transfer or sell my position in a Syndicate SPV?

In general, the Syndicate SPV cannot accommodate transfers or sales of SPV interests to third parties. However, at the General Partner’s discretion, we may be able to allow limited types of transfers, such as transfers to affiliates for no consideration, or transfers to other SPV LPs. Additional costs and documentation are associated with these transfers, and we may require an opinion from your legal counsel that the transfer is compliant with securities laws. If you would like to transfer your interest, please contact the Lead Partner of the SPV.

When can I expect my K-1?

Under our standard process for tax filings, we will file an extension for each SPV that requires a return to be filed for a given tax year. We expect tax returns to be filed with the IRS by September 15 and corresponding Schedule K-1s to be delivered to investors in August.

If your SPV had taxable income or loss during the applicable tax year, we will file a tax return for the SPV and deliver Schedule K-1s to all investors.

If your SPV had no reportable income or loss in a given tax year, a tax return is not required to be filed. As a general practice and as outlined in our scope of services, we will not file tax returns in years it is not required, unless advised otherwise by our tax team.

How do I onboard?

The investor onboarding flow includes the following:

• Accept the Commitment: You’ll see a task prompting you to complete the subscription documents. You can save your progress and return at any time.

• Choose your desired investment portfolio: You’ll be able to view any existing investment portfolios or create a new one for this investment.

• Basic Subscription Information: You’ll be prompted to enter the details related to the investment portfolio selected for this investment. If you’re using an existing portfolio, your information will be filled out automatically.

• Tax Form: You’ll be prompted to provide a tax document. If you’re based in the US, you can choose to use the information you’ve provided to pre-fill a form instead of uploading a copy.

• Signatories and Secondary Contacts: You can designate the primary contact and signatory for this investment. This can either be you or another signer.

• Review & Sign: You’ll be prompted to perform a final review of the questions answered before executing the Subscription Agreement.

For more details, please see this step-by-step guide.