Today, Carta is introducing new features to make it easier than ever for LLCs to generate automated, fully executed legal agreements for the issuance of equity.
Easier signature gathering
As of today, company signatories, interest holders, and spouses of interest holders can all provide signatures within Carta's streamlined workflows.
With this change, Carta’s Agreement Execution tool automates and centralizes the entire interest-agreement signing process, saving companies and interest holders time, effort, and resources. Some additional benefits include:
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No more hunting down a prospective interest holder’s marital status.
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No more manual collection of spousal signatures.
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No more need for third-party signature-management tools.
Self-service, customizable agreement templates
In addition to this streamlined signature process, Carta is also introducing self-service, customizable templates. As of today, admins can upload their own legal documents to Carta to create equity agreement templates that are populated using Carta data for each interest holder.
No more waiting for support reps to create templates or make changes—you can do this easily, independently, and on your own timeline.
These two new features, exclusive for Carta customers, streamline the process for everyone involved in interest issuance, including:
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Law firms responsible for drafting and populating templates;
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Equity admins, HR, and finance personnel who manage agreements; and
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Interest holders receiving agreements for signature.
The result: End-to-end automation for creating legal contracts
Today’s new features enhance Carta’s Agreement Execution platform, which makes it possible for LLCs big and small to automate interest agreements fully in-house. You can now manage everything end-to-end within Carta, from agreement execution through equity issuance.
That goes for all LLCs and all types of equity structures—whether you’re issuing capital interests, profits interests, options, phantom units, or other types of LLC equity, and whether you’re issuing a few interests or thousands.
It’s an accessible, audit-ready source of truth for you and your holders.
The new platform, launched last year, eliminates the need to pay high fees to outsource agreements and saves valuable time spent making manual updates or moving between platforms to access agreement records.
Agreement execution, the Carta way
With today’s changes, Carta’s Agreement Execution platform can provide comprehensive, automated services for LLC customers wishing to create legal documents for issuing equity.
Watch the Agreement Execution demo video below:
Additionally, the updated platform can:
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Provide templates that automatically populate agreements with key data directly from Carta, including name, units issued, issue date, and vesting plan;
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Generate a fully executed agreement right on Carta, without requiring you or your holders to migrate between multiple platforms for signatures and storage;
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Easily share interest agreements with holders, providing them a single place to review, accept, and store agreements for personal use;
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Save fully executed agreements on the same platform that manages your equity instead of with a third party, giving you easy access to documents for audits;
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Automatically keep your cap table up to date with every interest issued through Carta, retaining one platform as your single source of truth;
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NEW: Streamline the collection of spousal-consent information and signatures during the interest issuance process so you don’t have to track down the information later or additional signature-gathering tools; and
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NEW: Offer customizable agreement templates to serve customers’ exact needs.
How to get started
For existing Carta LLC customers: Head to the Carta app and create a template under Documents > Templates. Once created, you can use it to start issuing interests. For more information refer to this support article.
If you’re new to Carta or want to learn more: Request a demo to see the capabilities of our LLC cap table management platform in action.
Request a demo
