Corpora
About Corpora
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.
```xml <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. </problem> <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. </solution> <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 </features> <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. </target_audience> <revenue_model> Corpora offers a free option for generating a downloadable filing document, as well as individual filing services starting at $100, and custom-priced enterprise plans with volume discounts. </revenue_model> ```
What does Corpora do?
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.
Where is Corpora located?
Corpora is based in Los Angeles, United States.
When was Corpora founded?
Corpora was founded in 2022.
How much funding has Corpora raised?
Corpora has raised 457000.
Who founded Corpora?
Corpora was founded by Stepan Khzrtian.
- Stepan Khzrtian - Founder
- Location
- Los Angeles, United States
- Founded
- 2022
- Funding
- 457000
- Employees
- 6 employees
- Major Investors
- BigStory VC