legal and risk

Every entry is a hash-chained, wallet-signed statement that a specific address asserted something at a specific time. That is genuinely useful: it is timestamped, attributable, tamper-evident, and independently verifiable by anyone holding the data.

What it is not:

• It is not a filing with any registrar, regulator or tax authority.
• It does not create, transfer or perfect legal title to shares or any other asset.
• It is not notarisation, and no jurisdiction treats it as such by default.
• It does not make an unenforceable agreement enforceable.

Courts and counterparties generally treat records like these as evidence, weighed with everything else. Good evidence is worth having. It is not the same as a filing.

eQuity asks what kind of organisation you are because the answer changes what your records are worth. These are the descriptions shown when you choose:

Internet-native company

This is a real, verifiable record of what the founders agreed. It is not a registered legal entity, and it does not give you limited liability. Most teams run this alongside a registered entity, or convert into one later.

Pre-incorporation founders agreement

Evidence of intent, timestamped and signed. When you do incorporate, this is the history your cap table starts from instead of a founding myth.

Delaware C-corporation

Mirrors your real cap table. The registered share register remains authoritative.

LLC

Mirrors your operating agreement. Units are modelled as shares here.

Private limited company

Mirrors your register of members. The MCA filing remains authoritative.

Limited liability partnership

Partnership shares are modelled as ownership percentages.

Private company limited by shares

Mirrors your statutory register. Companies House filings remain authoritative.

Private limited (Pte Ltd)

Mirrors your ACRA register of members.

GmbH / BV / SL

Mirrors the notarised shareholder list, which remains authoritative.

DAO LLC

Mirrors the member register your operating agreement points at.

Cooperative

Membership shares are modelled as equal units unless you weight them.

An “internet-native company” in eQuity is a coordination structure, not a legal entity. Choosing it does not incorporate anything, does not create limited liability, and does not shield members from personal responsibility for what the group does.

In most jurisdictions, people carrying on business together without registering are treated as a general partnership by default, which typically means joint and several personal liability for the group’s debts. That is a real risk and it is the main reason teams eventually incorporate. eQuity gives you a clean, provable history to incorporate from; it does not remove the reason to.

• A private approach to people you already know is usually treated very differently from a general solicitation. Posting a bearer link publicly, or to a large channel, can convert a private placement into a public offering.
• Many jurisdictions restrict who may invest at all, by income, net worth, professional status or registration. eQuity does not check any of this and cannot.
• Cross-border offers can trigger rules in both the company's jurisdiction and the investor's.
• The acknowledgements an investor ticks are recorded as evidence of what they were told. They are not a legal opinion and they do not create an exemption.

Use the actual Y Combinator SAFE documents alongside eQuity, and have a lawyer qualified in your jurisdiction review your raise before you send anything. eQuity is not a broker-dealer, funding portal, investment adviser, or placement agent, and it takes no fee or commission on any raise.

eQuity lets an AI agent be recorded as a contributor with its own wallet. It does not, and cannot, make an agent an owner.

Essentially no jurisdiction recognises an autonomous software agent as a legal person capable of holding title, entering contracts, or being sued. So every agent recorded here carries a named operator: a human or company who is the legal holder of anything allocated to that agent, and who is accountable for what it does. The agent’s wallet records attribution; the operator holds the property.

Treating it any other way would produce a cap table with an unenforceable line on it, which is worse than no line at all.

eQuity has no backend that stores your data. There is no account, no user database, no analytics on your ledger, and no server-side log of what you record.

• Ledger entries, cap tables, policies and avatars live in your browser's local storage, on your device.
• Receipts are hashed in your browser. The files themselves are never uploaded anywhere.
• Fundraise links carry their payload in the URL fragment, which browsers never transmit to a server.
• Anchoring publishes only a Merkle root to Solana. Roots reveal nothing about the entries behind them.
• Wallet transactions are public on the Solana network by design, and that is outside our control.

The flip side is that durability is yours. Clearing site data deletes your ledger and we cannot restore it. Use the backup and folder sync tools in settings.

• Transactions are irreversible. A transfer to a wrong address cannot be undone by anybody.
• Lose your wallet's recovery phrase and you lose the ability to sign as that identity, permanently.
• Anchoring proves a record existed at a point in time. It does not prove the record is true.
• Network congestion or an RPC outage can delay or fail an anchor. Your local ledger is unaffected.
• The default deployment runs on Solana devnet, where tokens have no monetary value.

Nothing in eQuity or on this site is legal, tax, accounting, financial or investment advice. Valuation caps, dilution figures, vesting calculations and SAFE conversion outputs are modelling tools with stated assumptions, not professional advice, and the assumptions are printed next to the numbers for exactly that reason.

The software is provided as is, without warranty of any kind. To the maximum extent permitted by law, the authors are not liable for any loss arising from its use, including lost records, failed transactions, or decisions taken on the basis of its output.

Do not use eQuity to misrepresent ownership, to solicit investment unlawfully, to launder funds, or to create records you intend to pass off as filings or regulated disclosures. Records are only worth something because they are honest.