Draft an Entity Comparison Matrix documenting multi-year conversion costs and Section 1202 eligibility trade-offs when a growing software firm transitions from cash-basis LLC to accrual C-corp to attract VC funding

Generate draft an entity comparison matrix documenting multi-year conversion costs and section 1202 eligibility trade-offs when a growing software firm transitions from cash-basis llc to accrual c-corp to attract vc funding for Accounting, Tax Preparation, Bookkeeping, and Payroll Services industry

Accounting, Tax Preparation, Bookkeeping, and Payroll Services

Agent Configuration

Login required: You need to sign in to execute this agent.

Entity Financial Statements *

Click to upload or drag and drop

Allowed: XLSX, XLS, PDF

Max size: 50MB

Upload prior 3-year financial statements (cash basis LLC + preliminary accrual conversion) in Excel or PDF format for baseline cost and tax impact calculations

VC Funding Scenario *

Select the anticipated VC funding pathway to determine Section 1202 5-year holding period requirements and conversion timeline constraints

Current Ownership Structure *

Indicate current LLC ownership structure to assess Section 1202 eligibility limitations and tax basis step-up opportunities

Revenue Recognition Complexity *

Specify software revenue streams to accurately model cash-to-accrual conversion costs including ASC 606 compliance requirements

State Tax Jurisdictions *

List all states where the firm has nexus, sales tax obligations, or NOTE: specific state rules for Section 1202 rolling stock gains (max 5 jurisdictions)

Professional Services Budget Range *

Select anticipated budget for tax, accounting, and legal professional fees for LLC-to-C-corp conversion and ongoing compliance

Conversion Critical Path Items

Identify specific business events or deadlines driving the conversion timeline (e.g., scheduled board meetings, investor pitches, acquisition offers, tax year-end)

Additional Stakeholder Requirements

Specify any investor, board, or lender requirements that may influence structure decisions (special voting rights, liquidation preferences, QSBS protection clauses)

Output Detail Level *

Select the depth of analysis required for different audiences (management, board, investors, tax advisors)

Compliance Quality Standard *

Specify required compliance level for Section 1202 documentation and ongoing C-corp governance requirements

Draft an Entity Comparison Matrix documenting multi-year conversion costs and Section 1202 eligibility trade-offs when a growing software firm transitions from cash-basis LLC to accrual C-corp to attract VC funding

Agent Configuration

Executing Agent

Edit Agent

Current Agent: