You’ve got 30 days or you’re paying income rather than capital gains. If WSGR incorporates the startup they will get this right for the founders. Sign this, sign this, this and this. But will the founders get this right for their employees?
Clerky has the 83b election form (where necessary) as part of their Hiring package so that when the employee is allocated equity and signs the documents, it is automatically completed. However it is up to the employee to mail it in since it has to be sent via mail and can't be sent electronically. The company should make sure they are chasing the employee to do this and to get a copy of the election for the company's records.
The folks who I think really need to teach their employees about 83(b)s are fast-growing big companies. I didn't know about them when I joined Google, for example, and learned about it too late to take advantage of it. That mistake cost me literally hundreds of thousands of dollars.
I will look Clerky over. I admit I was just thinking of them as a formation forms generator.
I'm more worried about operations after formation. I'm surprised that Xero doesn't get much discussion. Founders are going to be everything early on. They're going to be accountants too.
Another service that is more comprehensive would be Stripe Atlas, which helps with everything from incorporation to setting up a SVB bank account to helping with tax issues and AWS credits. You also get access to the Atlas Forum and network of founders and advisors. https://stripe.com/atlas
If you're not into the service, they still have a nice guide on the process here - https://stripe.com/atlas/guide
EDIT/UPDATE: Worth mentioning that Clerky offers certain legal services beyond incorporation (e.g., hiring/on-boarding and fundraising). Didn't mean to imply that incorporation is their sole product, but rather was speaking w.r.t. the topic of basic startup mechanics mentioned by the parent. https://www.clerky.com/
It was a total waste of a huge amount of money. ($800 an hour)
They added very little value. On more than one occasion I had to request corrections after the "final" documents were out for signature.
Usually having to remove data that was obviously left over from the last company they used the word doc template on.
You can probably fill out templates with a service for a lot less than $800 an hour.
And I don't believe for a minute that it took 5 hours of $800 an hour labor to fill out those templates not do I even believe the actual $800 an hour guy did more than quickly glance at the first page of the doc.
And while I'm ranting, what a stupid and completely broken system legal documents are. They would email us 500 pages of documents and then we would print the last page that was nothing but signatures. Scan it, and send it back where it is then appended to the document they emailed us. OR any freaking document they want.
https://jacquesmattheij.com/three-roads-to-the-top-of-the-mo...
And just about forever I've had a kind of owners manual in draft for bootstrapping a startup but I lack the time to complete it, way too much on the go :(. That's a nice indication of how much time and effort go into bootstrapping a company.
Also why SVB? All of the major banks would be a better choice. There's no advantage to SVB unless you need some obscure venture-debt deal.