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SimpleClosure vs Vetrix
SimpleClosure builds a shutdown plan and manages filings, tax work, and the closing. AssetHub is where a founder can sell or license source code and workspace data. Vetrix pays you to license a de-identified copy of operational records. The shutdown and the license are separate contracts.
Up to $150K · $0 cost · 3 days
| Fact | Detail |
|---|---|
| What they do | SimpleClosure is a shutdown partner for founders. It builds a shutdown plan and manages legal filings, tax compliance, and execution. AssetHub is where a founder can sell or license source code, workspace data, and other startup assets to vetted buyers. |
| Who it is for | SimpleClosure is built for founders and their partners. |
| Fee | If the services require payment, you pay a fee. SimpleClosure says the description of the services and the fees are set out in the registration information, a separate agreement, or an order form. |
| Cost to the company | If the services require payment, you pay a fee. The fees are set out in the registration information, a separate agreement, or an order form. Signing up with a card authorizes the charges disclosed at registration. |
The names identify the services. We are not affiliated with them.
What SimpleClosure does and how it works
SimpleClosure is a shutdown partner for founders. It builds a shutdown plan and manages legal filings, tax compliance, and execution. AssetHub is where a founder can sell or license source code, workspace data, and other startup assets to vetted buyers.
Tell SimpleClosure about the company: structure, operations, and obligations. They build a shutdown plan.
A dedicated team handles filings, communication, and compliance.
You track each step in the dashboard until the shutdown is documented.
AssetHub helps startups monetize SourceCode and WorkspaceData with vetted AI buyers. SourceCode is the software the team built. WorkspaceData is operational data from how the team worked, including communications, documents, and tickets. Every dataset is processed for personal information before it is licensed to a buyer.
Vetrix's path is six steps. Vetrix runs steps 1 to 3 and stays with you through the rest.
- Tell us what you have.
- We confirm fit.
- We check your systems.
- You sign an NDA.
- You receive an offer.
- You sign, and get paid.
Read how company data licensing works for the step detail. Nothing is uploaded in the first step.
SimpleClosure finishes the job in its own description. A license is finished when you sign with the data partner and the copy is prepared. You can still be operating, winding down, or already closed, if you meet the staff and records rules.
Bring the question you actually have. If the question is the job SimpleClosure describes, stay with that service and read the fee. If the question is whether the records can be licensed while you still own them, that service does not answer it by itself. You want a license of a de-identified copy before the tools are canceled, and the shutdown filing is a separate contract.
Fees, cost, and where the money goes
Read SimpleClosure's fee as they state it, then read what a license costs the company. The two numbers are not the same kind of money.
| Question | SimpleClosure | Vetrix |
|---|---|---|
| Fee | If the services require payment, you pay a fee. SimpleClosure says the description of the services and the fees are set out in the registration information, a separate agreement, or an order form. | $0 to the company |
| Cost if nothing closes | If the services require payment, you pay a fee. The fees are set out in the registration information, a separate agreement, or an order form. Signing up with a card authorizes the charges disclosed at registration. | $0 |
| Who is paid | SimpleClosure is paid its fee for the shutdown work. | You, up to $150,000 (US pricing, 250+ staff at peak). |
| What you give up | Asset Hub participation is voluntary. If you elect to sell or transfer digital assets, that transfer is governed by the terms and a separate asset assignment, purchase agreement, or order form. An evaluation is not a promise to buy. | You give the data partner the right to use your records, with personal details removed, for AI research. The license is worldwide, permanent, and only for them. |
Use the fee SimpleClosure states on its own site, in the fee table. Read it as the cost of that service. It is not a payout for a license, and it is not what you pay Vetrix. A listing ad, a broker's commission, a shutdown invoice, and a license payout are different kinds of money. Match the bill to the job before you treat one number as the winner.
What Vetrix pays is not a success fee. The data partner pays Vetrix's fee, not you. If no agreement is signed, nobody pays anything. The amount depends on staff at peak and on the US pricing band. It is not a percent of a sale price, because there is no sale of the company.
Timing
SimpleClosure's clock is how long its own process can take. Vetrix's clock is a yes or no within 3 days, which is a fit decision, not a closing date.
SimpleClosure says it works at your speed. It says most customers dissolve within days or weeks, and that the timing depends on how quickly you provide documents and signatures. State processing time varies and can often be expedited for an additional state fee.
A fit decision in 3 days does not mean the records are licensed that week. After a yes, there is a read-only check, an NDA with the data partner, an offer, and a signature. Those later steps take as long as the check and your lawyer need. They are not a promise that a buyer will appear.
Do not put the two clocks on one calendar and call the shorter one faster. A sale can be the right outcome and still take months. A license can be the wrong product even when the first answer is quick. Decide which clock you need: a buyer, or a decision on the records.
What you keep
Under a license you keep ownership of your data and full use of it in your business. You sign an NDA and the licensing agreement directly with the data partner, not with Vetrix.
Read what the company keeps under a data license before you treat the two offers as the same promise.
Read what is shared and never shared. Personal details are removed before a copy leaves.
Where SimpleClosure is a better fit
- You want a team to build a shutdown plan and handle filings, tax compliance, and the closing work.
- You may also choose AssetHub if you want to sell or license source code, workspace data, or other startup assets to vetted buyers.
Use SimpleClosure when the job those points describe is the job you have. Do not force a license into a contract that does a different job.
Where licensing records fits
- You want a license of a de-identified copy before the tools are canceled, and the shutdown filing is a separate contract.
- You meet the staff and records rules and you want to keep ownership of the records.
The license fits when those conditions are true and the company meets the staff and records rules. It is not a substitute buyer, and it does not file a dissolution. You can estimate the payout before you start the check.
If you are weighing a broker, a shutdown, or a license, compare exit options for a company. If no buyer is in sight, read exit options when a company cannot be sold. If you are closing the company, read How a wind-down proceeds. For other ways to sell or to license the records, read SimpleClosure alternatives.
Using both
SimpleClosure runs the shutdown, and AssetHub can sell or license startup assets. A Vetrix license is a separate contract from that filing.
You agree not to license the same records to anyone else. A later buyer of the company has to be told. You can pursue a sale and a license when the license does not hand the same records to someone else, and when the sale documents can live with that promise.
If the buyer will want those records exclusively, say so before you sign the license. If you only want the records licensed and you do not want a buyer, do not pay a listing fee while you wait for a sale you are not seeking.
Related
- Compare
Exit options compared: sell, broker, shut down, or license records.
- Selling a company
How to sell a failed startup, and the options when a company cannot be sold as a whole.
- Starcycle vs Vetrix
Starcycle files a US company shutdown. Licensing records is a separate choice.
- Acquire.com vs Vetrix
Acquire.com lists a company for sale. Licensing the records is a separate choice.
- License terms
The four license terms: what you give, keep, agree, and sign.
- What's shared
Which records can be licensed, which details never leave, and what you approve.
- Estimate
US payout bands by staff at peak, and the estimator that uses them.
- SimpleClosure alternatives
Startup shutdown services and a separate option to license records.
Questions about SimpleClosure vs Vetrix
Where does SimpleClosure say its shutdown fee is written?
SimpleClosure's terms say that if the services require payment, you pay a fee. The description of the services and the fees are set out in the registration information, a separate agreement, or an order form. Signing up with a card authorizes the charges disclosed at registration. That is not a public rate card with one number for every company. Read the order form for your company before you compare it with a marketplace commission or a license.
How long does SimpleClosure say a dissolution takes?
On its dissolution page, SimpleClosure says it works at your speed and that most customers dissolve within days or weeks. Timing depends on how quickly you provide documents and signatures. State processing varies and can often be expedited if you pay the state an additional fee. That clock is the filing. It is not the yes or no on a data license, which is a fit decision within 3 days and then the steps that follow a yes.
What does SimpleClosure's AssetHub say it licenses or sells?
AssetHub says it helps startups monetize source code and workspace data with vetted AI buyers. Source code is the software the team built. Workspace data is operational data from how the team worked, including communications, documents, and tickets. Every dataset is processed for personal information before it is licensed to a buyer. Participation is voluntary. A transfer is governed by a separate asset agreement. An evaluation is not a promise to buy.
Does a SimpleClosure shutdown replace a license of the records?
No. SimpleClosure builds a shutdown plan and manages legal filings, tax compliance, and execution for founders. AssetHub is an optional path for source code, workspace data, and other startup assets. A Vetrix license is a separate contract: you keep ownership, personal details stay out, and you sign with the data partner. Sign the license while you still control the tools. The filing still has to happen if the company is closing. They do not complete each other.
Sources
- SimpleClosure. SimpleClosure.
- SimpleClosure. Terms of Service.
- SimpleClosure. Your corporate dissolution handled quickly by experts.
- SimpleClosure. Sell Your Startup Assets.