A simple way to manage 83(b) elections for Profits Interest Units
Who this affects:
- US-based equity holders who are issued Profits Interest Units
- 83(b) file management
Equity holders and admins now have a dedicated place for 83(b) elections for Profits Interest Units. On the PIU modal, users will see an 83(b) elections tab where they can access the generated 83(b) election form and upload a signed copy for their issuing company and personal records.
- 83(b) template for PIUs
Carta generates a PDF template based on the information in the platform.
- 83(b) reminders
Timeliness is important for 83(b) elections. Equity holders will see various reminders in-app and by email highlighting 83(b) eligibility.
Filtering on 83(b) filing status
For company administrators, it is easy to filter PIUs based on the 83(b) filing status.