A great team is one of the biggest assets a startup can have, but building it isn’t easy. Startups often can’t offer their employees the same salaries and job security as established companies.
That’s why employee stock ownership plans (ESOP) or similar employee participation programs are often a good option to attract and retain top talent.
However, setting up such a plan is a complex undertaking. What type of incentive to choose: shares, options, or phantom stock? How to avoid legal and other pitfalls?
Let us free you from the hassle. We’ll design your employee participation plan and help you implement it successfully.
- Design and draft your employee participation plan (shares, options, phantom stock, etc.)
- Help you set up an option pool
- Manage the plan
- Help you avoid pitfalls with the tax authorities, including getting a tax ruling if necessary
- Draft all necessary legal documents