For employees: share options explained
We explain how share options work for employees. Vesting, exercise, how much your options might be worth, when to sell y...
In the bad old days before SeedLegals, you could be looking at spending up to £10,000 on EMI option scheme set-up. Now, if you’re a SeedLegals member, you can create your EMI option scheme for £1,490 (+VAT) and get an HMRC approved EMI valuation for £990 (+VAT).
It used to be complex, expensive and time-consuming to design and implement an EMI option scheme, with months spent creating the paperwork with lawyers and accountants.
Technology and automation have changed that for good. Now, in just a few clicks, anyone can generate the option scheme paperwork and issue equity to their team.
In this post, we run you through a breakdown of the costs involved in setting up your EMI scheme on SeedLegals.
There are two parts to setting up an option scheme:
You can get started on both parts in parallel to save time. After you’ve sent off your EMI valuation to HMRC and are waiting for a reply, you can get your scheme rules drafted and ready to go.
When you set up your EMI option scheme through SeedLegals, it’s easy to work through the steps in our guided workflow.
To get started creating your option scheme, simply sign up free to SeedLegals, create your company and select the EMI Option Scheme from your company dashboard.
Follow our step-by-step wizard to generate all the paperwork you need, or if you’d like to see the SeedLegals platform in action, book a demo with one of our EMI experts.
To make the process easier and faster, we’ve added the EMI valuation into our workflow. This is an important step, because it helps guarantee the best-possible share prices for your employees.
You can choose to use our market leading valuation builder tool to generate a comprehensive report for you, or build your EMI scheme without it. You can also just use the EMI Valuation service by itself, without the full EMI scheme.
EMI scheme set up: £1,490 one-off fee, create as many EMI schemes as you need
✔ Add up to 250 employees (the EMI scheme limit)
✔ Customise scheme rules
✔ Get unlimited support from our team
✔ Add and remove employees at any time
✔ Manage your scheme online
✔ Your team get their own account so they can track and manage their holdings
✔ All documents included, including board resolution and option agreements
EMI valuation: £990 per valuation, 🚀Plus members only pay £490 for the second and all subsequent valuations 🚀
✔ Build a comprehensive valuation report for the best-possible valuation discount
✔ Access all the documentation needed for valuation approval, supported by the SeedLegals team
✔ We answer any questions from HMRC to agree your valuation