SeedLegals LLC-to-C-corp converter - World's first automated LLC-to-C-corp conversion
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Up to a third of start-ups that are planning to fundraise started out as an LLC, often incorporated in the state in which the founders are living. But when you raise investment, you have to be a C-corporation and typically a Delaware C-corporation.
Welcome to the world's first beautifully productized LLC to C-Corp conversion. This is a game changer for every startup that is an LLC and wishes to now raise investment.
Replies
@ovi_suciuĀ The inclusion of Delaware registered agent and filing fees makes this feel complete, not just a starter kit.
SeedLegals
@ovi_suciuĀ @masumpĀ Thanks for that, and yes, when we came up with the pricing. We thought we should have no hidden costs. So our pricing includes the Delaware registered agent fee for a whole year, plus the fees for closing the LLC. Those fees vary a lot by state. So in some cases we have to eat quite a lot of that cost. But we wanted to make sure there was a single fixed price all-inclusive for everyone.
SeedLegals
Hi everyone, I'm Anthony, founder at SeedLegals. We're hugely excited to launch the world's first automated LLC to C-Corp converter.
At SeedLegals, we talk to thousands of founders, and we realised that about a third of founders create an LLC, which may have made sense when it was just a pet project. But when it comes time to fundraising, they realise they need a C Corporation because you can't raise investment, you can't issue SAFEs, and you can't issue stock in an LLC. So, at the point you realise you have to create a C Corp, you start scrounging around for lawyers who can help, and the whole thing's costly and expensive.
So, we made a super slick workflow on SeedLegals that makes the whole LLC to C Corp conversion a breeze
SeedLegals
I'm here to answer any questions on LLCs, C-Corps, QSBS for investors, startup fundraising and more
BitsForDigits
Great to see SeedLegals disrupting the status quo of high-priced incumbents with a product like this! Offering a streamlined and affordable service like this is ultimately beneficial to founders everywhere and thus the ecosystem at large. Kudos @anthonyrose
SeedLegals
@laurits_justĀ Thanks for the note. BTW, that's a great reminder that for anyone that is fundraising and happens to be looking for investors as well, head over to https://seedlegals.com/grow/flip-raise/ to see how Flippa can help find investors for you.
Always love seeing new legal tech founders launch! My wife actually went through the same thing with her startup - from LLC to C-Corp transition ended up costing around $8K. Big congrats on shipping this!
Orbit
Great team! I keep bumping into them all over NYC and love what they are doing. Looking forward to this new service!
SeedLegals
@erik_israniĀ thanks for the kind words! Looking forward to seeing you at a NY event soon.