Equity tracked right from the start.
Issue founder stock, employee options, SAFEs, and priced rounds. Track ownership, vesting, exercises. Model dilution scenarios for fundraising. Carta-quality at a fraction of the price.
Cap Table, plainly.
A cap table is the spreadsheet (or, properly, the database) that records every share, option, warrant, and SAFE outstanding in your company. It tracks who owns what percentage on a fully-diluted basis. The cap table is the second most important document at every fundraise (after the pitch deck) and the first thing every acquirer asks for.
Most founders start with a Google Sheet. It works for the first 2 to 3 stakeholders. Then options get issued, vesting starts ticking, SAFEs convert at different valuation caps, and the math gets impossible. Errors compound: stakeholders question their numbers, lawyers spend $20,000 reconciling at the next round.
A proper cap table tool keeps every issuance recorded with the right legal documents, calculates dilution scenarios in seconds, manages vesting schedules per employee, generates 409A valuations (with partner provider), and exports to PDF or Excel for investor diligence. We do all of this at a price that does not require a fundraise to afford.
Common situations.
What is included.
- Founder common stock issuance with restricted stock agreements
- SAFE issuance (YC standard or custom terms)
- Option pool creation and ISO/NSO grants
- Vesting schedules with cliff handling
- Convertible note tracking
- Priced round modeling (Series Seed, A, B)
- Pro forma cap table after each event
- Dilution scenarios for fundraise planning
- PDF and Excel exports for investor diligence
- 409A valuation through partner provider
Four steps. We handle the rest.
How we compare.
- Free under 50 stakeholders
- $300/yr above 50
- SAFE and priced rounds
- Dilution modeling included
- 409A via partner
- Single bill with formation
| Carta | Pulley | Capbase | File.Business | |
|---|---|---|---|---|
| Annual cost | $2,800+ | $1,200+ | $1,200+ | $300 / free <50 |
| SAFE issuance | yes | yes | yes | yes |
| Dilution modeling | yes | yes | yes | yes |
| 409A | add-on | add-on | add-on | partner |
| Single bill with formation | no | no | formation only | yes |
“Switched off Carta when our cap table got expensive at seed. File.Business handled three SAFE conversions and a priced Series A. Our lawyer said it was the cleanest cap table she had reviewed in months.”
The File.Business Promise
If we miss a deadline on a service you pay us to manage, we cover the penalty. If you change your mind within 60 days, we refund our fee in full. Your data stays yours, always.
Common questions.
Is this only for C-Corps?
SAFEs supported?
Vesting schedules?
409A?
Pro forma at next round?
Stakeholder access?
Exports?
Investor diligence?
Pricing?
Does this replace Carta?
Set up your cap table in about 5 minutes.
Tell us a few details. We do the rest. You get a single dashboard for everything.
On the $129/yr Compliance Annual Filings plan, we cover state late fees.
When you autofile your annual report through the $129/yr plan and we miss the deadline, we pay the state's late fee. The guarantee applies to that specific plan and the filings it includes. Other File.Business services are billed at the prices on this page.
Four steps from request to delivery
File.Business runs your filing on a single concierge workflow. You provide what we need; we handle the rest.
Tell us what you need
2-minute intake. We confirm the filing type, jurisdiction, and any supporting documents required.
We prepare the filing
Our specialists draft the document, validate against state requirements, and queue for your review where required.
We submit to the state
Filed through the state portal. We pay the state fee, track the submission, and resolve any state correspondence.
Confirmation in your vault
state-required document delivered to your SOC 2 encrypted document vault, with deadline tracking for the next filing.