CT Independent Director/Manager/Member, Springing Member/Manager and Special Member Services for Special Purpose Entity

What is an Independent Director/Manager for Special Purpose Entities?
An Independent Director/Manager is an appointed member of the Board of Directors to protect against a voluntary bankruptcy petition being filed by the shareholders, members, partners, directors or managers (as applicable) of an otherwise solvent Special Purpose Entity. Other names for Independent Director/Manager include Independent Member, Springing Member/Manager, and Special Member.

Why is appointing the right Independent Director/Manager important?
Given Sarbanes-Oxley requirements and today’s market conditions, the role and responsibilities of the Independent Director are of even greater importance. Lenders are putting more pressure on borrowers to appoint TRULY INDEPENDENT professionals.

Under these circumstances, for borrowers, getting a RELIABLE Independent Director in a TIMELY and RESPONSIBLE fashion is more critical than ever in order to avoid delays in closing the financial transaction and receiving the funds needed to move the project forward. Whether it is for a structured finance, credit, real estate or securitization transaction, borrowers need to work with truly dedicated and experienced personnel to meet the requirements of demanding lenders and rating agencies.

When you need to appoint a highly qualified Independent Director/Manager, fast, rely on our hassle-free process, industry-renowned team of attorneys, and straightforward “per entity” pricing. With CT Corporation, the premier and largest national provider of Independent Directors/Managers and Springing Members, you are in good hands.

Choose a partner with a track record of excellence for your business success: For over 30 years, customers have relied on CT Corporation for all of their quality Independent Director/Manager needs. Join thousands of others who have enjoyed the many benefits provided through CT’s long-standing and distinguished history in the industry. Accelerate the success of your business.
Work with the most qualified candidates in the industry: Our team of professionals, the most qualified in the industry, provides you with unparalleled industry knowledge, experience and professionalism, meeting your requirements of the highest standards. In fact, many of our customers come to us after dealing with less-qualified providers.
Experience prompt and timely service to meet your closing deadlines: Since CT handles all appointments expeditiously, you receive prompt, timely and reliable preparation of the necessary documents before your closing deadlines. You will never experience a delay in meeting your deadlines, as our staff is able to handle your transaction, no matter how large, within a few hours, if needed.
Eliminate any surprise of unexpected fees with our straightforward pricing: Rest assured that you will never be surprised with hidden or variable fees when you choose CT as your provider of Independent Director/Manager services. With our competitive, “per entity” pricing, you will only be charged one price, no matter how many Independent Directors an entity requires.
Access and manage your Independent Director information with CT’s easy-to-use online tool: Access your appointment profiles and history, track recent updates, and manage all pertinent information on your Independent Directors securely with our complimentary suite of online tools. www.CTAdvantage.com provides you with the following information, right at your fingertips:
- Independent Director or Manager Name
- Status of Entity and Appointment
- Date of Appointment
- Date of Resignation
- Names of Previous Independent Directors, if any
Enjoy cost-saving and streamlined process when appointing CT as both your Registered Agent and Independent Director/Manager: Choose CT Corporation to satisfy both your Registered Agent and Independent Director/Manager needs, saving time and money for your company. You are assured comprehensive and coherent support in all facets of your deals through the unified services and process.