Acme Tech scaled from one LLC to a Delaware C-Corp with $4M seed round
A 2-founder SaaS startup converted from a Wyoming LLC to a Delaware C-Corp ahead of a $4M seed round. File.Business handled the conversion, 83(b) filings, stock plan, and cap table in 17 days.
2 founders. 1 Wyoming LLC. Convertible-note-style fundraising not possible. No stock plan. No 83(b) protections. Lead investor unable to wire.
Delaware C-Corp with 10M shares authorized. 8M founder common (vested). 1.5M option pool. 83(b) filed 28 days post-incorporation. Lead investor wired on day 22.
Background
Two founders had been operating as a Wyoming LLC for 14 months, hitting $40K MRR with no outside capital. A lead investor offered a $4M seed round at a $20M post-money cap on convertible Series Seed Preferred. The term sheet required a Delaware C-Corporation with a standard option pool.
The founders had no inside legal team. The lead investor expected close in 4 weeks. File.Business was brought in by a referral to handle entity conversion, federal tax elections, equity setup, and ongoing compliance.
The entity stack
Outcomes
- 17-day end-to-end: conversion, EIN preserved, stock issued, 83(b) filed, option plan adopted.
- $4M closed on day 22: 5 days ahead of the term-sheet target.
- 83(b) filed for both founders within the 30-day IRS window . saved an estimated $180K in future tax at exit.
- Cap table live in File.Business Vault . investor reporting and ongoing 409A baselines maintained.
Run your business through one platform.
From formation to ongoing compliance, File.Business handles the entity stack so you can focus on the work that actually grows the business.
Four steps from request to delivery
File.Business runs your filing on a single concierge workflow. You provide what we need; we handle the rest.
Tell us what you need
2-minute intake. We confirm the filing type, jurisdiction, and any supporting documents required.
We prepare the filing
Our specialists draft the document, validate against state requirements, and queue for your review where required.
We submit to the state
Filed through the state portal. We pay the state fee, track the submission, and resolve any state correspondence.
Confirmation in your vault
state-required document delivered to your SOC 2 encrypted document vault, with deadline tracking for the next filing.