Promissory
Promissory provides a platform for creating and managing irrevocable trusts that leverage Qualified Small Business Stock (QSBS) to optimize tax savings for individuals selling their equity. The technology streamlines the trust creation process, ensures compliance with IRS regulations, and offers professional fiduciary custody in Nevada to enhance asset protection and tax efficiency.
- Industry: Tax Structuring, TaxTech
- Location: San Diego, California, United States
- Founded: 2024-01-01
- Website: https://promissory.com
Product & Features
- Designs and manages QSBS-eligible irrevocable trusts to maximize capital gains exclusions.
- Provides audit-defensible gift and estate valuations for IRS and due diligence.
- Prepares and files essential IRS tax forms, including 709 and annual 1041 returns.
- Establishes trust custody with a professional trustee in tax-friendly Nevada.
- Offers ongoing compliance management and attorney support for trust administration.
- Expedites trust setup and funding through an intuitive online platform.
Notable Customers
- MorganStanley
- Twin Focus Advisors
Founders & Team
- Brian Lamb — Founder, CEO
Similar Companies
Frequently Asked Questions
What is Promissory?
Promissory provides a platform for creating and managing irrevocable trusts that leverage Qualified Small Business Stock (QSBS) to optimize tax savings for individuals selling their equity. The technology streamlines the trust creation process, ensures compliance with IRS regulations, and offers…
What does Promissory do?
Designs and manages QSBS-eligible irrevocable trusts to maximize capital gains exclusions. Provides audit-defensible gift and estate valuations for IRS and due diligence. Prepares and files essential IRS tax forms, including 709 and annual 1041 returns.
Who are Promissory's customers?
Promissory's customers include MorganStanley, Twin Focus Advisors.
Who founded Promissory?
Promissory was founded by Brian Lamb.
What category does Promissory fall under?
Promissory is a legal technology company in the Tax Structuring, TaxTech category.
Where is Promissory based?
Promissory is based in San Diego, California, United States.