How it works
How it works
How it works
Designed to maximize your outcome.
From setup through ongoing maintenance, we make it simple to hold your equity and maximize your QSBS exemption.
Working with us
Working with us
Working with us
A few simple steps.
Big results.
No matter what approach you choose, our platform will guide you through every step of the way. From trust creation to custody, establishing an EIN to valuation of assets, we've got you covered in one easy to use platform.
1
Create your trust
Enter your personal and business information, and we'll guide you to choose the right trust for you. Options include:
Non-grantor Trusts
Spousal Lifetime Access Non-grantor Trusts (SLANT)
Intentionally Defective Grantor Trusts (IDGT)
Don't worry if these terms are new—we'll explain everything you need to make a simple, informed decision.
1
Create your trust
Enter your personal and business information, and we'll guide you to choose the right trust for you. Options include:
Non-grantor Trusts
Spousal Lifetime Access Non-grantor Trusts (SLANT)
Intentionally Defective Grantor Trusts (IDGT)
Don't worry if these terms are new—we'll explain everything you need to make a simple, informed decision.
1
Create your trust
Enter your personal and business information, and we'll guide you to choose the right trust for you. Options include:
Non-grantor Trusts
Spousal Lifetime Access Non-grantor Trusts (SLANT)
Intentionally Defective Grantor Trusts (IDGT)
Don't worry if these terms are new—we'll explain everything you need to make a simple, informed decision.
2
Sign
Instantly sign your trust and other supporting documents with our online notary. Documents you'll sign include:
Trust
SS-4 to receive your trust's EIN
Trust account application
These documents establish your trust as a separate taxpayer in Nevada. All documents will be stored in your Promissory account. Promissory handles all document signing and transmission.
2
Sign
Instantly sign your trust and other supporting documents with our online notary. Documents you'll sign include:
Trust
SS-4 to receive your trust's EIN
Trust account application
These documents establish your trust as a separate taxpayer in Nevada. All documents will be stored in your Promissory account. Promissory handles all document signing and transmission.
2
Sign
Instantly sign your trust and other supporting documents with our online notary. Documents you'll sign include:
Trust
SS-4 to receive your trust's EIN
Trust account application
These documents establish your trust as a separate taxpayer in Nevada. All documents will be stored in your Promissory account. Promissory handles all document signing and transmission.
3
Establish your trust
When your trust is recieved by our Nevada trustee we'll further legitimize it in the eyes of the IRS by doing the following:
Filing Form 56: establishes the fiduciary relationship
Filing Form 1041: reports any income to the trust
We file these forms annually, usually with nothing to report (this is a good thing!). This ongoing reporting maintains your trust's standing with the IRS.
3
Establish your trust
When your trust is recieved by our Nevada trustee we'll further legitimize it in the eyes of the IRS by doing the following:
Filing Form 56: establishes the fiduciary relationship
Filing Form 1041: reports any income to the trust
We file these forms annually, usually with nothing to report (this is a good thing!). This ongoing reporting maintains your trust's standing with the IRS.
3
Establish your trust
When your trust is recieved by our Nevada trustee we'll further legitimize it in the eyes of the IRS by doing the following:
Filing Form 56: establishes the fiduciary relationship
Filing Form 1041: reports any income to the trust
We file these forms annually, usually with nothing to report (this is a good thing!). This ongoing reporting maintains your trust's standing with the IRS.
4
Value your equity
Work with our valuation partners to establish a fair and reasonable valuation for your equity gifted to the trust:
Share company financial information and projections
Receive a complete valuation report
We'll file Form 709 to report and record the gift
You'll receive a specialized valuation report designed for gifting purposes, similar to a 409a but meeting the specific requirements that a 409a doesn't satisfy.
4
Value your equity
Work with our valuation partners to establish a fair and reasonable valuation for your equity gifted to the trust:
Share company financial information and projections
Receive a complete valuation report
We'll file Form 709 to report and record the gift
You'll receive a specialized valuation report designed for gifting purposes, similar to a 409a but meeting the specific requirements that a 409a doesn't satisfy.
4
Value your equity
Work with our valuation partners to establish a fair and reasonable valuation for your equity gifted to the trust:
Share company financial information and projections
Receive a complete valuation report
We'll file Form 709 to report and record the gift
You'll receive a specialized valuation report designed for gifting purposes, similar to a 409a but meeting the specific requirements that a 409a doesn't satisfy.
5
Transfer ownership
Once everything is complete you will transfer ownership on your cap table to each trust. This typically requires:
Board consent
Issuance of a new stock certificate
The stock transfer typically aligns with your next board meeting. This process is common and usually permitted for family transfers under most stockholder agreements.
5
Transfer ownership
Once everything is complete you will transfer ownership on your cap table to each trust. This typically requires:
Board consent
Issuance of a new stock certificate
The stock transfer typically aligns with your next board meeting. This process is common and usually permitted for family transfers under most stockholder agreements.
5
Transfer ownership
Once everything is complete you will transfer ownership on your cap table to each trust. This typically requires:
Board consent
Issuance of a new stock certificate
The stock transfer typically aligns with your next board meeting. This process is common and usually permitted for family transfers under most stockholder agreements.
6
Grow your business
We'll check in periodically for any changes in your business or ownership. We provide annual tax reporting including:
Form 56: continuous reporting of the fiduciary relationship
Form 1040: reports any income to the trust
Our goal is to simplify this process so you can focus on running your business and maximizing your exit value when it's time to sell.
6
Grow your business
We'll check in periodically for any changes in your business or ownership. We provide annual tax reporting including:
Form 56: continuous reporting of the fiduciary relationship
Form 1040: reports any income to the trust
Our goal is to simplify this process so you can focus on running your business and maximizing your exit value when it's time to sell.
6
Grow your business
We'll check in periodically for any changes in your business or ownership. We provide annual tax reporting including:
Form 56: continuous reporting of the fiduciary relationship
Form 1040: reports any income to the trust
Our goal is to simplify this process so you can focus on running your business and maximizing your exit value when it's time to sell.
Is Promissory
right for you?
Is Promissory
right for you?
How much more could you earn by transferring your equity to a trust?
How much more could you earn by transferring your equity to a trust?
See how taxes will impact you when you sell.
See how taxes will impact you when you sell.
Promissory QSBS stacking
Advanced tax strategies made simple.
Promissory QSBS stacking
Advanced tax strategies made simple.
Promissory QSBS stacking