Add and manage a Limited Liability Company

The process for setting up an Limited Liability Company (LLC) is the same as any other company except you must select LLC-Limited Liability Company as Company Type. For more information go to Add a new company .

Note

The following functionalities aren't available for LLC companies:

  • C corp waterfalls To learn how to model a C corp style waterfall with LLC waterfall rules go to Use LLC rules to model C corp waterfall.

  • Option exercise transactions Option exercise prices must be modeled manually in the waterfall.

Switch between LLC waterfall types

You can switch between two LLC waterfall types. The Distribution step based waterfall A waterfall based on a set of distribution rules used to calculate shareholder proceeds, or the MOICC/IRR vesting based waterfall Our legacy LLC waterfall which is a subtype of LLC waterfalls. For more information on the legacy type, go to LLC waterfall user guide.

Note

Only the Distribution step based waterfall supports the Customize feature.

  1. Go to your cap table in Diligent Equity.

  2. In the navigation panel under the Company section, select Company.

  3. Go to the LLC waterfall type dropdown and select your preferred waterfall type.

    Note

  4. Select Save record to save your changes.