Investment Profiles

An investment profile defines how an investor participates in a deal. It represents the legal entity (or individual) that will appear on the subscription documents and cap table. Every investment is made through a profile.

An investor can have multiple profiles. For example, someone might invest in one deal as an individual and in another through their LLC.

Profile Types

There are seven profile types on the platform:

Note on verification: Whether KYC/KYB blocks payment dispatch is controlled by the compliance policy's verification blocking mode. In the current default (Skip), verification runs in the background and never blocks payments. When blocking is enabled, entity profiles (LLC, Corporation, Partnership, Trust) must pass KYB before ACH payments are dispatched. See Verification & Readiness for details.

Profile Eligibility

All investors can create any profile type, regardless of whether they have a US tax identifier. The only restriction is that an investor can have one Individual profile at a time. Once an Individual profile exists, the option to create another one is removed.

What Each Profile Type Requires

Individual

The simplest profile type. Individual profiles are never created manually -- they are always auto-created by the system from the investor's identity information. There is no profile form for Individual.

How Individual profiles are created:

• When an investor who chose "Individual" during the profile type selection step completes onboarding, the Individual profile is created from their identity data (name, SSN, address).
• When an investor who chose an entity type (LLC, Trust, etc.) completes their entity profile form, the system automatically creates an Individual profile in the background if the investor is eligible (US person or ITIN holder) and doesn't already have one. This ensures most investors have both a personal and an entity profile available for future investments.

The auto-creation is non-blocking -- if it fails for any reason, it does not prevent the investor from continuing their flow.

LLC

LLC profiles require:

• Legal name of the entity
• Entity type (e.g. single-member LLC, multi-member LLC)
• State of incorporation (US state)
• Tax classification -- disregarded entity, partnership, S-corp, or C-corp
• Authorized signer -- the investor's title at the entity and a declaration that they are authorized to sign
• Entity accreditation -- how the entity qualifies as accredited
• Business address
• EIN (Employer Identification Number) -- optional for disregarded entities (single-member LLCs use the owner's SSN)

Corporation

Corporation profiles require:

• Legal name of the entity
• Entity type (C Corporation, S Corporation, B Corporation, etc.)
• State of incorporation
• Date of incorporation
• Authorized signer declaration
• Entity accreditation
• Business address
• EIN

Partnership

Partnership profiles require:

• Legal name of the entity
• Entity type (LP, LLP, General Partnership)
• State of incorporation
• Authorized signer declaration
• Entity accreditation
• Business address
• EIN

For all business entity profiles (LLC, Corporation, Partnership), the control person is the investor themselves. Their identity information (name, SSN, date of birth, address) is used for the control person details.

Entity profiles support KYB (Know Your Business) verification. Whether KYB blocks payment dispatch depends on the compliance policy. In the current default (Skip mode), verification runs in the background and does not block payments. When blocking is enabled, KYB must pass before ACH payments are dispatched. KYB is submitted when the investor creates their first investment through the entity profile.

Trust

Trust profiles are completed in multiple steps (Details, Tax, Accreditation, Declaration):

• Trust name (legal name of the trust)
• Trust type -- revocable, irrevocable, or 401(k) trust
• Affiliation -- the investor's relationship to the trust (only asked for irrevocable trusts; revocable trusts default to "grantor")
• Authorized signer declaration -- the investor confirms authority to act on behalf of the trust
• Trust accreditation -- how the trust qualifies as accredited (skipped for 401(k) trusts, where the investor's personal accreditation applies)
• Trust address
• EIN -- required for irrevocable and 401(k) trusts. Revocable trusts use the grantor's SSN from identity verification and skip this field.

Like other entity profiles, trusts support KYB verification. Whether it blocks payments depends on the compliance policy.

IRA (Individual Retirement Account)

IRA profiles are for investors who want to invest using their retirement account. They require:

• Custodian -- selected from a predefined list of known Self-Directed IRA custodians, or entered manually if the custodian is not listed
• Custodian EIN -- the custodian's Employer Identification Number
• Custodian address -- only required when entering a custodian not on the predefined list

IRA investments are funded externally -- the custodian sends the funds on behalf of the investor. Because of this, the funding source is automatically set to "external" and the investor does not need to link a bank account. KYB verification is not required because the custodian handles compliance.

DAF (Donor Advised Fund)

DAF profiles are for investors who want to invest through a charitable fund. The investor selects their DAF provider (the sponsoring organization that manages the fund).

DAF profiles can be funded in one of two ways:

• DAF Wallet (managed wallet) -- if an admin has provisioned a managed wallet for the DAF profile, the platform creates a dedicated virtual account for the fund. Investments from the profile are funded internally from this wallet. The wallet balance is visible to the investor and refreshed automatically.
• External -- if no managed wallet has been provisioned, the DAF sponsor sends funds externally (the same model as IRA). The funding source is set to "external" and no bank linking is needed.

A managed wallet is locked to the specific DAF profile it was provisioned for -- it cannot be shared across profiles.

Profile Statuses

Investment profiles have the following statuses:

Individual profiles skip the verification flow (they rely on the investor's personal KYC instead), so they typically move straight to a usable state.

Multiple Profiles

An investor can create as many profiles as they need. Common scenarios:

• An investor has both a personal (Individual) profile and an LLC profile
• An investor has multiple entity profiles for different businesses
• A returning investor selects an existing profile when making a new investment (no need to create a new one)

During onboarding, if the investor already has existing profiles, they are given the option to "Use an existing profile" instead of creating a new one. This skips the profile form entirely.

Field-Level Locking

Once a profile has active investments (non-cancelled, non-refunded), certain fields are locked to protect the integrity of in-flight transactions.

Tier 1 fields (locked when active investments exist):

• Legal name, entity type, state of incorporation
• Tax classification, tax identifier
• Trust type
• Control person fields (name, SSN, DOB, address)
• Accreditation type

Locked fields display a lock icon with a tooltip explaining why they cannot be changed. Admins can override these locks when necessary via the admin panel.

Deleting a Profile

Investors can soft-delete an entity investment profile (LLC, Corporation, Partnership, Trust, IRA, DAF) from the profile detail page, provided the profile has no active investments (non-cancelled, non-refunded). The delete action is available in a "Danger Zone" section at the bottom of the page.

Individual profiles cannot be deleted. Because Individual profiles are auto-created from the investor's identity data and serve as their default personal profile, they are protected from deletion.

For entity profiles:

• If the profile has no active investments, the investor sees an enabled "Delete Profile" button. Clicking it opens a confirmation modal. On confirmation, the profile is soft-deleted and the investor is redirected to their account settings page.
• If the profile has active investments, the button is disabled and a tooltip explains why deletion is not possible.

Soft-deleted profiles are excluded from all API responses and profile selection lists. The underlying data is preserved for audit and compliance purposes.

An entry is added to the Compliance category of the audit trail whenever a profile is deleted, recording the profile type and the actor who performed the deletion.

Profile Detail Pages

Each investment profile has a dedicated detail page at /account/profile/[profileId]. This page shows:

• Profile status and completeness
• Identity section (read-only -- managed in account settings)
• Entity/trust/IRA/DAF details (per-type rendering)
• Tax information (masked display)
• Funding source configuration
• Lock indicators on protected fields

Investors can access their profile detail pages from the "View Details" option in the Investment Profiles section of their account settings.

What Admins Should Know

• Individual profiles are always auto-created -- there is no manual "create Individual profile" flow. Individual profiles are generated from identity data when the investor first onboards or after they submit an entity profile.
• All profile types are available to all investors -- there are no ITIN-based restrictions. Any investor can create any profile type (subject to the one-Individual-per-person rule).
• Entity profiles support KYB -- whether KYB blocks payments depends on the compliance policy. In Skip mode, entity investments proceed without waiting for KYB. When blocking is active, check the profile's verification status if an entity investment is stuck.
• IRA and DAF profiles don't need verification -- these are funded externally (or via managed wallet for DAF), so the custodian or sponsor handles compliance.
• Profile type determines the funding options -- IRA investors can only use external funding. DAF investors use a managed wallet (if provisioned) or external funding. All other types can choose between bank, wire, or external.
• Field locking protects active investments -- once an investor has active investments under a profile, Tier 1 fields (legal name, tax ID, etc.) are locked. This prevents changes that could affect in-flight transactions.
• Investors can self-service delete entity profiles -- entity profiles (LLC, Corporation, Partnership, Trust, IRA, DAF) with zero active investments can be deleted by the investor from the profile detail page. An audit trail entry is created. Individual profiles cannot be deleted at all. Profiles with active investments cannot be deleted (the Delete button is disabled, and the system refuses the request if it is attempted another way).
• Profile forms are managed centrally -- the fields, validation rules, and step configuration for each profile type are defined in one place and shared across web and mobile. Changes to profile forms can be rolled out without a new app release.