Legal Documents — Daisy AI, Inc.
Delaware C-Corp, File No. 3800761. Incorporated January 2025.
Incorporation
| Document | File |
|---|---|
| Certificate of Incorporation | incorporation/certificate-of-incorporation.pdf |
Key details:
- 10,000,000 authorized shares of Common Stock
- Par value: $0.00001/share
Stock Issuances
| Person | Shares | Price/Share | Total | Vesting | Date | Documents |
|---|---|---|---|---|---|---|
| Thomas Startz | 4,000,000 | $0.00001 | $40.00 | 4yr / 1yr cliff | Jan 26, 2025 | RSPA (MISSING — retrieve from Clerky/lawyer), Notice |
| Michael Yuan | 4,000,000 | $0.00001 | $40.00 | 4yr / 1yr cliff | Jan 26, 2025 | RSPA, Notice |
Cap table summary:
- Authorized: 10,000,000
- Issued: 8,000,000 (80%)
- Unissued: 2,000,000 (20%)
Delaware Franchise Tax
Annual Report due March 1 every year.
Use the Assumed Par Value Capital Method when filing — NOT the default Authorized Shares Method.
| Field | Value |
|---|---|
| Authorized shares | 10,000,000 |
| Issued shares | 8,000,000 |
| Par value | $0.00001 |
| Total gross assets | Enter from federal tax return (balance sheet) |
| Expected tax | $400 (minimum) |
The default method charges ~$85K for 10M authorized shares. The Assumed Par Value method uses actual assets and issued shares — for a pre-revenue startup, this always hits the $400 floor.
Still Needed
- Thomas's Restricted Stock Purchase Agreement (not in Downloads)
- 83(b) election confirmations (both founders — should have been filed within 30 days of Jan 26, 2025)
- Board consent / action by incorporator
- Bylaws
- EIN confirmation letter