Dissregarded
[ Envelope budgeting for solo US LLCs ]

You can draw

$1,847.20

From your Owner Draw envelope. Tax, runway, and bills are already covered.

Envelope budgeting that knows what a 5472 is.

Mercury shows your balance. We show what's actually drawable — across Tax, Runway, Draws, and Bills. Year-end 5472 / 1120 / Schedule C generate from the same ledger.

Request early access → Open a Mercury account →
[ 01.5 — Who uses Dissregarded ]

Three kinds of owners who answer the same Friday question.

US Sole Proprietor

"Can I pay the Q3 estimated tax out of my checking and still cover September rent?"

Envelopes: Tax, Runway, Draws, Bills. The Tax envelope tracks both income tax and ~15.3% self-employment tax.

→ Schedule C — generated from the ledger, attached to your 1040.

US-Resident SMLLC

"My LLC has $30k sitting in Mercury — how much can I take as an owner draw without messing up my Q4 estimate?"

Envelopes: same four. Distributions out of the LLC pull from the Draws envelope; the journal records the owner-equity hit automatically.

→ Schedule C — the LLC is disregarded, same pipeline as the sole prop.

Foreign-Owned US LLC

"Can I wire €1,800 from the LLC to my personal Wise account in Buenos Aires, or does that break the Q4 envelope?"

Envelopes: same four. The Draws envelope tracks every Form 5472 Part V reportable distribution. Tax envelope is usually $0 — but the filing is mandatory.

→ Form 5472 + pro-forma 1120 — both PDFs generated, you mail or fax.

[ 02 — Why envelopes, not just books ]

Bookkeeping shows where money WENT.
Envelopes show where it's GOING.

Most solo LLC owners use Mercury for the bank, a spreadsheet for the rest. The bank shows balance. The spreadsheet shows last quarter. Neither tells you whether you can pay yourself this week without breaking something.

Envelope budgeting — zero-based, every dollar has a job — solves that. But the existing envelope tools (Actual Budget, YNAB) are built for personal finance. They don't know what owner draws are. They don't track Form 5472 distributions. They don't generate the year-end PDFs the IRS wants.

Dissregarded is envelope budgeting for the LLC owner specifically. Same calm zero-based discipline. But the Tax envelope knows about self-employment tax for sole props and pro-forma 1120 for foreign-owned LLCs. The Draws envelope knows the difference between an owner draw and a Part V reportable distribution. And the year-end forms generate from the same ledger.

Wave is dying. Their free bank sync is gone, their accountant marketplace is the new business model. The 40k+ Wave-refugee LLC owners who never wanted QuickBooks need somewhere calm to go.

[ 02.5 — How we compare ]

Four axes. One tool that hits all four.

Axis Actual Budget YNAB Wave Dissregarded
Envelope / zero-based budgeting Actual✓ YNAB✓ Wave— Dissregarded✓
Knows what a 5472 is Actual— YNAB— Wave— Dissregarded✓
LLC-specific accountsowner draws, capital account, Part V distributions Actual— YNAB— Wavepartial Dissregarded✓
Year-end IRS PDFs5472, 1120, Schedule C Actual— YNAB— Wave— Dissregarded✓

Dissregarded is the only one in this list that does all four. The others each do one or two.

[ 03 — How it works ]

Connect, allocate, draw.
The year-end takes care of itself.

01
Connect Mercury (or import a CSV).
Mercury OAuth pulls daily transactions, idempotent. Or import the year's CSV from Wave on the way out.
We don't move money. Read-only.
02
Allocate revenue into envelopes.
When income lands, the app suggests a split: Tax (your rate × revenue), Runway, Draws, Bills. You confirm.
Every other transaction draws from one of those envelopes. The Draws envelope is your living "can I pay myself this week?" number.
03
Close the year.
Q4 hits. Open the Year-End tab. Generate Form 5472, pro-forma 1120, or Schedule C — derived from the same ledger the envelopes used all year.
We produce the PDF. You mail it (certified, with return receipt), fax it to the IRS, or hand it to your CPA. We don't file for you.
[ 04 — What it doesn't do ]

A short list of things we won't build.

No chat-with-AI sidebar.

This is a ledger. Not a copilot.

No invoicing or payments.

Mercury already does that. We don't compete.

No mobile app.

Annual filing isn't a phone task.

No tax filing.

We produce the PDF. You mail it, fax it to the IRS, or hand it to your CPA.

No multi-currency consolidation.

Each entity has one reporting currency.

No payroll / W-2s.

Foreign-owned SMLLCs don't have US payroll.

Not generic personal envelope budgeting.

Use Actual Budget or YNAB for your household. We're for the LLC entity.

Not a payroll/W-2 product.

Foreign-owned single-member LLCs don't have US payroll, and US sole props don't pay themselves on a W-2.

Not a long-range forecaster.

Envelopes are about right-now. Forecasting next quarter is a future feature, not a current promise.

[ 04.5 — Banking ]

We recommend Mercury.

Mercury is the bank we use, the bank Dissregarded reads from, and the bank we built the OAuth integration around. Mercury shows your balance. We show what's actually drawable — your balance minus everything you've already committed to Tax, Runway, and Bills.

If you don't have a Mercury account yet, opening one through our referral link costs nothing and qualifies both of us for an existing-customer bonus (terms on Mercury's side).

Open a Mercury account → Read about our Mercury integration →

We earn a small referral fee if you open a Mercury account through this link. We'd recommend them with or without it — they're the bank we use ourselves.

[ 05 — Security ]

Plainly stated.

Tenant isolation

One Postgres database per organization. Cross-tenant queries are physically impossible.

Bank tokens

Encrypted at rest with AES-256-GCM, KEK held outside the database.

Bank access

Read-only only. We never request, store, or use scopes that could move money.

Model training

No model training on your data. Yours stays yours.

Error tracking

Self-hosted. Headers stripped before storage. No third-party PII processors.

Export & delete

Per-entity export and delete on demand. Privacy Policy →

[ 06 — Pricing ]

$0

First entity, including the year-end 5472 package. Forever.

Paid plans for additional entities will be under $5/entity/month. Final pricing TBD before public launch — no card on file until you opt in.

Your first entity is free during early access. No card on file until you opt in.

See pricing detail →
[ 07 — Common questions ]

Common questions.

What's an envelope?
A labeled bucket for some of the money in your bank. Tax / Runway / Draws / Bills. Every transaction draws from one. The point: you stop looking at your bank balance and start looking at what's drawable — what's left after every commitment is honored.
I already use Actual Budget / YNAB. Why this?
Actual and YNAB are excellent personal-finance envelope tools — we recommend them for your household budget. Dissregarded is for the LLC entity specifically: it knows what owner draws are, it knows what a Form 5472 Part V reportable distribution is, and it generates the year-end IRS PDFs. If you also need household budgeting, run both.
Do I have to set up envelopes manually?
No. We seed four defaults (Tax, Runway, Draws, Bills) the moment you create an entity. You can rename them, change targets, or add your own ("Adobe subscriptions", "Conference travel") — but the defaults cover the LLC owner case out of the box.
How does the Tax envelope know what to set aside?
You tell us your effective tax rate per entity (foreign-owned LLCs usually start at 0%, US sole props at 25%, US-resident SMLLCs vary by state). When revenue lands, we suggest rate × revenue into Tax and split the rest. You always confirm the suggestion before any envelope allocation posts. You can edit the rate any time on the entity's tax-settings page.
Can I use this without Mercury?
Yes — CSV import works for any bank export. Mercury just makes the daily sync trivial. We're not Mercury-exclusive; we're Mercury-first.
Do I still need an accountant?
For a complex year, yes. For a quiet year of a single-member LLC with under $300K revenue and 10 reportable transactions on the 5472? Probably not — the PDF we generate is what your accountant would produce, and you can have them spot-check it for an hour instead of paying them to do the whole thing.
What if my bank isn't Mercury?
Three options. SimpleFIN covers ~95% of US banks (Chase, BofA, Wise USD, Bluevine, Brex) for $1.50/mo — paid to SimpleFIN, not us. Upload a CSV from your bank's export — works for any bank on earth, including foreign ones. Or open a Mercury account — it's free, the API is the cleanest of any US bank we've tested, and we explain why in detail.
Can I import my history from Wave?
Yes — export Wave as CSV and upload it. Categories carry over for common patterns.
Will you file my taxes?
No. We generate the PDF — you decide how it gets filed. Three options the IRS accepts for Form 5472 + pro-forma 1120: mail it (certified, with return receipt), fax it directly to the IRS, or hand it to your CPA. We thought about adding a "we'll fax it for you" button, but doing it yourself gives you a confirmation receipt with your own name on it — which is exactly the reassurance you want when the penalty for getting it wrong is $25,000.
What if the IRS form changes?
We track the IRS revision date in the generated PDF metadata. When the IRS releases a new revision, we update the template and your next download uses it. December 2024 is current.
Is my data safe if Dissregarded disappears?
Your data exports as a single SQL dump + a PDF of every form you've generated, available on demand. The bookkeeping ledger uses standard double-entry accounts, so any other accounting software can import it.