Our Blog

Welcome to the Sally Blog — home of our All Things SPVs education series, world-class fund document templates, and the SPV Dictionary. Whether you're using Sally or not, we break down the nuts and bolts of launching and managing SPVs, so you can do it right.

April 23, 2025

How to Conduct a Background (OFAC) Check on Your SPV Investors

Learn how to quickly and effectively run an OFAC check on your SPV investors using the free U.S. Treasury sanctions search tool. This step-by-step guide walks you through the process, explains why it matters, and shows you how to document your compliance—perfect for SPV organizers and syndicate leads.

April 22, 2025

Why Delaware Is Still the Best Jurisdiction for SPVs

Why Delaware Is Still the Best Jurisdiction for SPVs Despite a growing movement of C-Corps leaving Delaware, this blog post explains why Delaware remains the gold standard for SPVs structured as LLCs or LPs. From its unique ability to waive fiduciary duties to its unmatched legal predictability and investor familiarity, Delaware continues to offer the flexibility and efficiency that SPV organizers need.

April 19, 2025

How to Get an EIN for Your SPV (LP Structure)

Step-by-step guide to getting an EIN for your LLC or LP based SPV using the IRS online EIN Assistant. Learn what information you need, how to complete each section of the form, and how to avoid common mistakes—essential for opening a bank account, filing taxes, and staying compliant.

April 18, 2025

How to Get an EIN for Your SPV (LLC Structure)

April 16, 2025

How to Set Up Your SPV Entity: A Step-by-Step Guide

Step-by-step guide to setting up a Delaware SPV (LP, LLC or Master Series). Learn how to check name availability, prepare formation documents, choose a registered agent, file with the Delaware Division of Corporations, and download essential post-formation templates. Perfect for first-time SPV organizers.

April 12, 2025

ERA, RIA, and No-Action Letters: Navigating Regulatory Compliance in Capital Raising

Learn how to stay compliant when raising capital through SPVs. This guide breaks down what counts as investment advice, when ERA or RIA registration is required, and how to navigate state exemptions and no-action letters. A must-read for fund managers, syndicate leads, and startup investors.

April 11, 2025

Term Sheets and Term Types: A Comprehensive Guide for Entrepreneurs and Investors

A clear and comprehensive guide to term sheets and early-stage investment structures. Learn the differences between SAFEs, convertible notes, and priced rounds, plus how term sheets shape startup fundraising. Essential reading for founders, investors, and anyone working with SPVs.

April 9, 2025

Welcome to Sally — the all-in-one SPV Platform built for those who want to run deals their way.

Sally is the only all-in-one automated SPV platform for launching and administering structured vehicles. We provide you with a white-labeled self-governing SPV engine to affordably run deals your way. Sally makes it simple to promote, organize, fund, and manage SPVs all in one place.

July 17, 2024

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.