Provides an online platform for filing IRS 83(b) elections, enabling individuals and enterprises to draft, sign electronically, and securely mail their filings. Simplifies compliance by offering tracking, postage-paid envelopes, and IRS date-stamped copies, reducing the risk of errors and ensuring timely submission within the 30-day deadline.
Funding
$457K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BVFounders
Product
Problem
Filing an 83(b) election with the IRS, a crucial step for individuals receiving equity grants, is a complex and time-sensitive process that requires precise execution within a strict 30-day deadline. Errors in the filing or delays in submission can lead to significant tax implications and lost savings opportunities. The IRS does not currently support electronic filing, necessitating manual preparation, printing, and mailing, which adds to the administrative burden and potential for mistakes.
Solution
Corpora provides an online platform designed to streamline and automate the 83(b) election filing process, ensuring accuracy and timely submission. The platform guides users through a step-by-step process to draft and electronically sign the required documents, whether using a freeform statement or the official IRS Form 15620. Corpora then handles the printing, mailing via certified mail, and tracking of the filing with the IRS, providing users with evidence of submission. For enterprise clients, Corpora offers bulk drafting capabilities, automated employee reminders, and an admin dashboard to manage and track multiple filings, reducing administrative overhead and ensuring compliance.
Target Audience
Corpora targets individuals receiving equity grants, such as startup employees and founders, as well as enterprises needing to manage 83(b) election filings for multiple employees.
Features
- Guided online drafting of 83(b) elections using either a freeform statement or the official IRS Form 15620
- Electronic signature capture for individuals and their spouses
- Automated printing and mailing of the completed 83(b) election via certified mail
- Tracking and notifications to monitor the progress of the filing with the IRS
- Secure online storage of filed documents for easy access and record-keeping
- Optional IRS date-stamped copy retrieval (if received)
- Enterprise features including bulk drafting, admin dashboards, and centralized user management
- Automated reminders to employees for timely filing