The Corpora

Podcast

Talking about startup law, technology, and the future of legal.

All episodes

BigLaw is overkill for startups | Kristina Subbotina of Lawlace

In this episode, we discuss, startup founders and the immigrant’s journey, tips on how to go from BigLaw to private practice, Lawlace as an AI-powered law firm, why BigLaw is overkill for startups, avoiding irreversible legal mistakes, what goes in a data room, creating legal content for founders.

Kristina Subbotina . 47 minutes

Law in Augmented Reality, with Taron Khachatryan of KnoxLabs

In this episode, we discuss, Virtual Reality (VR), Augmented Reality (AR), and Spatial Computing, Knoxlabs as the Everything VR marketplace, experimenting with AR hands-on, legal implications of AR/VR, including IP and privacy issues, how first-time founders and second-time founders think about legal, collaborating more efficiently with your lawyer, AR/VR for the benefit of humanity.

Taron Khachatryan . 34 minutes

From Law to LegalTech, with Ryan Samii of Standard Draft

In this episode, we discuss, how Standard Draft is changing the way lawyers negotiate contracts, Ryan’s journey from successful lawyer to legaltech founder, billable hour as a roadblock for selling to law firms, structural forces that will change the practice of law, defining your ideal customer profile for effective GTM, lawyers unwinding professional habits in order to become founders, AI x Legal: “fundamentally different” vs. “substantially better”.

Ryan Samii . 36 minutes

Navigating Legal to Series B, with Naré Vardanyan of Ntropy

In this episode, we discuss, how Ntropy is unlocking financial data for decision-making, how Ntropy balanced using legal templates and working with lawyers to get legal done, why founders are frustrated by lawyers who overcomplicate things, what legaltech startups can learn from fintech startups, why constantly having to bring your lawyer up to speed is inefficient – and what the alternative is, human threat vs. AI threat, and how uneven distribution of AI potential is dangerous.

Naré Vardanyan . 35 minutes

The Lawyer as Strategic Partner, with Eduard Grigoryan

In this episode, we discuss, when founders should hire a lawyer, what a founder should look for in a lawyer, things founders do that drive lawyers nuts, fundraising and keeping your house in order, DIY vs. hiring a lawyer, how to make law more accessible for founders, whether AI will replace lawyers.

Eduard Grigoryan . 32 minutes

How Founders Figure Out Legal, with Erin Beck

In this episode, we discuss, how founders figure out legal before hiring a lawyer, how long a founder can go without hiring a lawyer, things lawyers do that drive founders nuts, what a founder should look for in a lawyer, how open founders should be toward legaltech, whether AI will – or should – replace lawyers.

Erin Beck . 30 minutes

Changing the Way Startups Access Legal Services

Ari Kaplan hosted Stepan Khzrtian to discuss the legal issues that startup founders can address with technology, whether advanced tools will change the way lawyers deliver legal services for startups, and how artificial intelligence is driving change in corporate matters.

Technology in the Legal Practice with Nareg Essaghoolian

In this episode, we discuss, lawyers doing mundane work that should be automated, Legal tech that Decrypted Law is experimenting with, the importance of legal audits, Legal debt, will AI replace lawyers? Should AI replace lawyers? Alternative fee structures, working with the right startup attorney

Nareg Essaghoolian . 27 minutes

The Science of Transactional Law with Hayk Mamajanyan

The science of transactional law, what makes a transactional lawyer, and how AI is changing the practice of law. Discussion with Hayk Mamajanyan, Partner at Rimôn Law.

Hayk Mamajanyan . 24 minutes

FAQs

An 83(b) election is a tax document you file with the IRS, electing to pay tax on your equity grant at its fair market value on grant rather than at vest.

In certain situations – such as high-growth startups – the fair market value of stock can increase exponentially.  By making the 83(b) election, you’re protecting yourself from paying ordinary income tax on that appreciation, which can potentially result in saving a fortune on taxes.
No, the IRS requires 83(b) elections to be mailed in.  Electronic filings are currently not available.
Of course!  We offer our services because we know that doing this yourself can be a hassle – making sure you’re sending it to the right address, using the right bulletproof protocol, and taking time out of your day to prepare the package and visit a post office.  Rather than spend hours and still wonder if you got it right, you can get it done in minutes with peace of mind.
Yes, you have 30 days from the day your equity is granted to you to make the 83(b) election.
No, it’s only available for property that is: (a) granted as compensation for services, and (b) is subject to vesting.  Restricted stock (RSAs) and profits interests are two common examples where the 83(b) election is available.  Notably, the 83(b) election is unavailable for stock options (unless early exercised) and RSUs (restricted stock units), since these are not considered “property” for purposes of this election.

We treat each and every 83(b) election order we receive as if it were our own. We prepare the envelope, send it to the IRS, and track it as if we were doing this for our own shares in Corpora.

We make it a point to send out your 83(b) election by the next business day after it is finalized (you’ve drafted, reviewed, and fully signed it).

We got you covered. The protocol we use to send your 83(b) election acts as evidence that your 83(b) election is delivered to the IRS even if it isn’t actually delivered (for example, gets lost in the process). That said, please note that we are not responsible for matters beyond our control, such as lost items.

Yes. We carry Errors & Omissions and cybersecurity insurance policy with $1,000,000 limit.

21 days from the date of transfer of your equity. This allows us time to reach out to you in case there are problems with your submission. After the 21-day cut-off, we’ll be unable to process your 83(b) election.

No. The accuracy of your 83(b) election is entirely your responsibility. Any comments we share with you regarding your 83(b) election are provided as a courtesy, and it’s entirely up to you whether you take our comments into account or not. Please check out our terms.

No.  Our role here is purely technical – after you sign your 83(b) election, all we do is print it out, send it to the IRS, and keep track of it.  Also, if and once we receive the IRS date-stamped copy of your 83(b) election, we’ll upload a scanned copy to your account.  Please check out our terms.

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2261 Market Street, Suite 22005
San Francisco, CA 94114
United States

Resources 

Corpora is not a law firm or a substitute for legal services. Information provided by Corpora, whether on its website, through its products, or otherwise, is not legal advice and does not create an attorney-client relationship.