YC SAFE (post-money valuation cap / no discount) in an LLC - I WILL NOT PROMOTE
Hi, we are a multi-member TX LLC (taxed as a partnership from a federal perspective) doing a family and friends fund raising event for our pre-profit start-up. We want to keep our LLC structure until such time we are ready to go through a proper priced Series A round.
I have heard from friends that issuing SAFEs from LLCs is becoming more and more common. Essentially, you write them in such a way that describes how the LLC will, immediately prior prior to initial closing of any Equity Financing, consummate a reorganization transaction pursuant to which a newly formed corporation organized under the laws of the State of Delaware (successor corporation) will acquire all or substantially all of the assets and business of the Company.
I stumbled into this article from mbakertaxlaw regarding safes in llcs, which helped me with some of the language
And I've taken a stab at modifying the YC Version 1.2 Form to accommodate this whole Reorg->Successor Corporation flow, but I feel like I'm re-creating a wheel that likely exists out there in the world already, and I'm wondering if anybody knows where I can find a modified template?
Posted Feb 19, 2026, 3:06 PM UTC