Tinkertree SaaS LLC
I bootstrapped to $420K ARR and never wanted to take VC money. Wyoming LLC works great for my situation. File.Business handled everything for under $300 total.
Riley Chen, Founder · $420K ARR · Solo + 2 part-time contractors · Formed 2024
The situation
Riley built a vertical SaaS product solo. She generated $420K ARR in 18 months without raising capital. Most SaaS guides assume Delaware C-Corp, but she wanted a simpler structure.
What File.Business did
Formed Wyoming LLC with strong privacy protections. Elected S-Corp tax treatment after revenue exceeded $100K. Set up Mercury banking and Stripe billing integration. Created customer agreement templates from our 200+ contract library. Set up sales tax compliance in nexus states.
The outcome
Total formation + first-year compliance cost: $260 (Wyoming fees + payroll setup). S-Corp saved approximately $4,800 in self-employment tax. Bootstrapped business remains profitable without external pressure.
Key facts
| Industry | B2B SaaS |
|---|---|
| Entity structure | Wyoming LLC |
| Year formed | 2024 |
| Scale at story point | $420K ARR |
| Team | Solo + 2 part-time contractors |
About this case study
This is a representative composite case study based on patterns we see across many similar customers. Names and identifying details have been changed. The structure, services, and outcomes described are typical of customers in this segment.
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