Carta

Here’s a quick guide on how to cancel your Carta subscription. Whether you’re transitioning to another equity management platform or restructuring your company’s needs, this guide will walk you through the cancellation steps with ease. Carta offers a comprehensive equity management solution, but if you’re exploring other options, feel free to explore more alternatives in our selection of Fintech and Banking tools.

How to Cancel a Carta Subscription

Canceling your Carta subscription is straightforward when you know the steps. Whether you’re switching to another platform or simply concluding your equity management service, follow this guide for a seamless cancellation process.

How to Cancel Carta: Step-by-step

Step 1: Log into Your Carta Account

To begin, log in to your Carta account on the Carta website. Once logged in, navigate to your Company Settings by following the instructions provided in your dashboard.

Step 2: Access Subscription Management

Within your Company Settings, locate the Subscription Details tab. This is where you can view all your current subscriptions and manage your company’s billing and subscription information.

Step 3: Initiate the Offboarding Process

Scroll down to find the Cancel Subscription button. Click this option to begin the offboarding request process. Carta will ask for specific details, including the reason for cancellation and your new transfer agent if applicable.

Step 4: Provide Cancellation Details

You will be prompted to fill in additional information, such as your cancellation reason and any necessary legal or compliance details related to your offboarding. Follow the on-screen prompts to complete this step.

Step 5: Review and Confirm Cancellation Terms

Before submitting your cancellation, carefully review the terms and conditions regarding the cancellation. Ensure that you understand the implications, including access loss and securities status updates. Check the acknowledgment boxes to confirm your understanding.

Step 6: Submit the Offboarding Form

Depending on your company’s user permissions, you may need to complete an offboarding form. This form requires Full Access user permissions. Complete the necessary fields, sign the form electronically, and submit it. Note that the Effective Date of Cancellation cannot be a future date.

Step 7: Final Confirmation and Processing

Once submitted, you’ll receive a final confirmation prompt. Click OK to proceed. Carta will then process your offboarding request, and you will receive a confirmation email once your request is verified.

Post-Cancellation Considerations

• Securities Status: Upon cancellation, Carta will mark all outstanding securities as “canceled,” as it will no longer serve as the SEC-registered Transfer Agent for US companies. Be sure to coordinate with your new transfer agent.
• Stakeholder Communication: Carta will display a banner within stakeholder portfolios, clarifying that the cancellation does not affect their underlying securities. Stakeholders should contact the issuing company or new transfer agent for any further updates.

Conclusion

Canceling a Carta subscription is a structured process that requires careful attention to detail. By reviewing your company’s needs, initiating the cancellation, and completing the required forms, you can ensure a smooth transition. If you encounter any issues or have questions, feel free to reach out to Carta Support for assistance. For legal considerations or specific concerns regarding securities, we recommend consulting your legal team during this process.

Looking for Alternatives?

If you’re considering other financial solutions after canceling, here are some top alternatives in the Fintech and Banking category:

• Stripe: A leading payment processing platform designed to handle online transactions effortlessly.
• Chase for Business: Business banking solutions that offer a wide range of financial services tailored to your needs.
• Square: A comprehensive payments platform for businesses, offering point-of-sale, eCommerce, and payment solutions.
• Brex: A financial solution for startups and tech companies, offering credit and financial services.
• Affirm for Business: A payment option that allows businesses to offer customers the ability to pay over time.

Discover exclusive savings through Subscribed Deals. You should also check out other tools from related categories like Credit Cards for financing solutions and Investing for investment strategies and tools.