Stripe
Stripe Atlas now lets startups add new cofounders after incorporation. Founders can allocate equity, prepare and route legal documents, track signatures and help the new cofounder complete their 83(b) election.
The update means the founding team no longer has to be fixed when the startup incorporates through Atlas. A company can incorporate first, then add another cofounder when its team changes.
According to the LinkedIn announcement, Stripe provides the listed cofounder workflow for free.
How Stripe Atlas Cofounder Additions Work
The workflow covers four parts of adding a cofounder. These span the equity decision, preparation of the required documents, collection of signatures and support for the cofounder’s 83(b) election.
| Part of the process | What Stripe Atlas handles |
|---|---|
| Equity | Allocating equity to the new cofounder |
| Legal documents | Preparing and routing documents |
| Signatures | Tracking document signatures |
| 83(b) election | Helping the cofounder complete their election |
Founders can therefore use Atlas for the administrative work attached to the change, rather than treating the equity allocation, documents, signatures and 83(b) election as separate tasks.
The announcement describes this as an option for Stripe startups that incorporate with Atlas. It applies after incorporation, so founders can build the initial company and change the founding team later as new needs emerge.
The free offer covers the functions named in the announcement: allocating equity, preparing and routing legal documents, tracking signatures and helping with the 83(b) election.
Frequently asked questions
What is Stripe Atlas cofounder addition?
It is a workflow for adding a new cofounder after a startup has incorporated through Atlas. It covers equity allocation, legal documents, signature tracking and help with the cofounder’s 83(b) election.
Is adding a cofounder through Stripe Atlas free?
Yes. The announcement says founders can allocate equity, prepare and route legal documents, track signatures and help with the 83(b) election for free.
Who can add a cofounder through Stripe Atlas?
The announcement frames the feature for Stripe startups that incorporate with Atlas. It does not give further eligibility or plan details.
Sources
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