Answers, not a ticket queue

Getting started

1. 1.Create your company

   Sign in with Google or a passkey and create your organization. The Free plan has no time limit.

   Get started

2. 2.Bring your cap table in

   Import from a Carta workbook, a CSV, or an OCF package. Every import reconciles to the penny and flags anything that does not tie out. Starting fresh? Record your formation issuances directly.

   Import

3. 3.Invite your people

   Add stakeholders, then invite admins, your board, and holders. Holders get a portfolio view of their own equity; viewers get read and export access.

   Stakeholders

4. 4.Run equity day to day

   Grant options under a board-approved plan, collect e-signatures on consents, track vesting and the compliance calendar, and export lawyer-grade artifacts any time.

   Dashboard

Frequently asked questions

Pricing questions (cancelling, trials, what Pro includes) are answered on the pricing page.

Equity glossary

The same definitions the product shows inline. Educational summaries, not legal advice.

83(b) election

When you receive restricted stock that vests over time, the IRS normally taxes each vesting slice at its value on the day it vests. An 83(b) election tells the IRS to tax everything once, at the grant-date value, instead. The deadline is 30 calendar days after the grant and there is no extension. The product tracks each open 83(b) clock and stops the reminders when you upload the stamped filing proof.

409A valuation

Section 409A requires option strike prices to be at least the fair market value (FMV) of the underlying common stock on the grant date. Companies establish FMV with an independent 409A valuation, which generally provides a safe harbor for 12 months or until a material event (like a new financing round). The compliance calendar tracks the expiry window and blocks grants against a stale valuation.

ISO (incentive stock option)

Incentive stock options can qualify for capital-gains treatment if you hold the shares at least 2 years from grant and 1 year from exercise. They are employee-only, must be granted under a stockholder-approved plan, and are subject to the $100,000 annual limit. Sales before the holding periods are "disqualifying dispositions" and are taxed like NSOs.

NSO (non-qualified stock option)

Non-qualified stock options can go to anyone (employees, advisors, contractors, directors). At exercise, the difference between the strike price and the current FMV is ordinary income, and for employees it is subject to withholding. Anything an ISO fails to qualify for becomes an NSO.

$100k ISO limit

Section 422(d): the aggregate grant-date fair market value of stock for which ISOs first become exercisable in any calendar year is capped at $100,000 per person. The portion above the cap is automatically treated as NSOs. The product computes the split per grant and reports it on the security page.

Rule 701

Rule 701 exempts compensatory equity grants from SEC registration. In any rolling 12 months, a company may issue the greatest of $1M, 15% of assets, or 15% of the outstanding class. Crossing $10M in a 12-month window triggers enhanced disclosure obligations to recipients. The compliance worksheet aggregates every grant against these prongs.

Vesting cliff

A standard "4-year vesting with a 1-year cliff" schedule vests 25% at the first anniversary and the rest monthly after that. If service ends before the cliff, nothing has vested. The vesting engine computes cliff and tranche dates exactly and the holder portfolio shows the schedule.

Fully diluted

Fully diluted ownership divides your shares by the total of all outstanding stock, all options and warrants as if exercised, everything reserved in the option pool, and (in many contexts) converting instruments. It is the denominator investors care about. The cap table shows both outstanding and fully diluted views.

Option pool

The board authorizes a pool of shares for the equity incentive plan. Grants consume it; cancellations and forfeitures credit back to it. The ledger enforces the pool identity (reserved + granted + available = authorized) as a database constraint, so the pool can never silently over-issue.

SAFE

A SAFE converts into preferred stock at the next qualifying priced round. A valuation cap sets the maximum conversion valuation; a discount converts at a percentage off the round price; with both, the investor gets the better of the two. SAFEs are not debt: no interest, no maturity date.

Valuation cap

A cap protects an early investor from dilution in a hot round: if the round prices above the cap, the SAFE converts as if the company were worth the cap, yielding a better share price. Post-money caps fix the investor’s ownership percentage at conversion; pre-money caps do not.

Liquidation preference

In a sale or wind-down, preferred stockholders receive their preference (usually 1x what they invested, sometimes with seniority tiers) before common receives anything. Non-participating preferred then chooses the better of the preference or converting to common; participating preferred takes both, sometimes capped. The waterfall model computes all of this per class.

Post-termination exercise window

After service ends, vested options stay exercisable only for the window in the grant (commonly 90 days). ISOs that are not exercised within 3 months of termination lose ISO status and become NSOs even if the window is longer. The compliance calendar tracks each open window and notifies the holder of record.

Board consent

Delaware §141(f) lets a board act by unanimous written consent. Equity grants, plan adoptions, 409A acceptances, and round approvals are recorded this way. In the product, a consent is drafted, published for e-signature, and the approved actions execute only when every director has signed.

QSBS

Section 1202 can exclude capital gains on stock issued by a qualifying C corporation (gross assets under the threshold at issuance) held for the required period. Recent law added partial-exclusion tiers before the full holding period. The QSBS export analyzes each original-issuance lot against the tests and flags what to verify with counsel.

Pro rata right

Pro rata (pre-emptive) rights let existing holders participate in a new round in proportion to their current ownership so they are not diluted. The round tools compute each eligible holder’s pro rata allocation and send the statutory notices.

Form 3921

Every ISO exercise in a calendar year requires a Form 3921: one copy to the IRS, one to the employee, due in January/February of the following year. The product generates per-exercise Copy B PDFs and a bulk e-file CSV, and raises the January compliance task automatically.

FMV (fair market value)

FMV drives option strike prices, exercise spread taxation, and 83(b) amounts. Private companies establish it with an independent 409A valuation (the safe harbor) or, early on, a defensible board determination. The FMV history page keeps the full series with providers and effective windows.