Equity Management
Your cap table is a legal document, a hiring tool, and a fundraising asset — treat it like one.
From seed SAFE to Series C to exit waterfall, we keep your cap table audit-ready, your 409A defensible, and your option grants clean — so equity conversations with investors, employees, and acquirers go smoothly.
Why equity books break standard accounting
A SAFE converts. A note matures. An option vests. None of it is a journal entry.
Equity is legal, financial, and HR all at once — and most accountants treat it like a line on the balance sheet.
Audit-ready cap tables
Every share class, SAFE, convertible note, and option grant reconciled to your legal documents — so due diligence never surfaces a surprise.
409A coordination
We manage the valuation firm relationship, deliver the financial inputs on time, and make sure the 409A is refreshed on the cadence your grants require — not six months late.
Round modeling
Before you price the next round or sign a term sheet, we model dilution, option pool shuffles, and pro-rata rights — so you negotiate with a clear picture of post-money ownership.
Investor-grade reporting
Board packages and investor updates built from live cap table data — fully loaded with waterfall analysis, fully diluted ownership, and exit scenarios that hold up to scrutiny.
What's included
Ten services across the equity lifecycle.
From the first SAFE to secondary liquidity, every equity workstream covered under one engagement.
The fundraising reality
Investors see your cap table before they see your product.
A messy cap table — stale 409A, unissued grants, unconverted SAFEs — signals operational immaturity before any due diligence begins. We keep yours clean on a rolling basis so the next raise is a process, not a fire drill.
Tax & compliance
The equity tax decisions that can't be undone.
Equity compensation is one of the most consequential — and most time-sensitive — areas of startup tax planning. The elections and classifications that matter happen at grant, not at exit.
83(b) elections
Filing an 83(b) within the required window after a restricted stock grant can shift significant future appreciation out of ordinary income. We track deadlines and coordinate filing so none are missed.
ISO vs. NSO planning
Incentive and non-qualified options are taxed at fundamentally different times and rates. We structure grants with tax outcomes in mind and model AMT exposure for ISO holders.
QSBS qualification
Qualified Small Business Stock can exclude a substantial gain from federal tax for eligible shareholders. We assess qualification status at issuance and document the requirements to preserve the exclusion.
409A valuations
A defensible 409A is the foundation for ISO grants and QSBS eligibility. We coordinate with independent appraisers on cadence, inputs, and documentation — keeping you compliant and your grants on solid legal ground.
3921 / 3922 reporting
ISO exercises and ESPP transfers require annual IRS reporting. We prepare and file Forms 3921 and 3922 on time, with per-holder detail that matches your cap table records.
Carried interest for funds
Carry is taxed on a different timeline and at different rates than management fees. We track vesting, distributions, and character — and structure the fund's books to support the right treatment.
What we actually run for you
Equity work for every company structure.
The problem
SaaS & venture-backed startups
From pre-seed SAFE to Series B option pool, we keep the cap table clean and the 409A current through every round.
The problem
Private equity funds
Fund economics, carry tracking, waterfall modeling, and LP reporting built around how PE and VC structures actually work.
The problem
Cryptocurrency & Web3
Token vesting schedules, equity-plus-token cap tables, and the tax treatment that comes with both — handled together.
The problem
Multifamily & real estate
Partnership waterfalls, promote structures, and investor reporting for real estate syndicates and fund vehicles.
How we work
Ongoing equity ops, not a one-time cleanup.
We embed in your equity lifecycle — before each raise, after each grant, and ahead of every liquidity event — so the work is done before anyone asks for it.
The numbers we put in front of you
Run equity on outcomes, not spreadsheets.
The KPIs that tell you whether your equity program is working — for the company, for employees, and for investors.
Figures shown are illustrative.
Keep exploring
Go deeper — or just talk to us.
Talk to someone who's read a cap table before.
A 30-minute call. Bring your current cap table and whatever round is next — we'll show you what's clean, what isn't, and what needs to happen before you raise.
Book a Call