SeedLegals vs Carta: which platform to choose for cap table, SEIS/EIS, funding and options
The days of painstakingly tracking equity allocation on a series of spreadsheets are over. In this post, we explore two...
Juggling the legal complexities of share option schemes can be a massive headache for busy founders. But what if you could get everything you need in one convenient package – from expert support to unlimited different scheme setups – for a single annual fee that’s significantly lower than any other provider? That’s exactly what we’re offering with our new streamlined share option services subscription.
In this post we explain why we’re making this change, what’s included in your Options subscription plan and how to get started.
Unlimited options
Keep your options open as you scale
UK employees, international team members, consultants, advisors … whoever’s on your team, we make it simple to manage your employee equity. All for one low flat fee of £2,490 a year.
Talk to an options expert
Create schemes that grow with your startup
You want to grant equity to your team so they can take ownership of what they’re helping to build. Should be simple, right? But as your team grows and changes shape, it can quickly become a complex and expensive maze of regular EMI valuations, different scheme types for different team members and a constant stream of agreements and grants.
With a SeedLegals Options subscription, you can forget the hassle of piecing together multiple services and paying a series of one-off costs. You can now manage all your share option plans effortlessly, for one upfront cost of £2,490 per year.
Mo SaedFrom helping thousands of companies set up their option schemes, we’ve seen that founders need much more flexibility and transparency when it comes to options.
– Different types of team members need different types of option schemes, with individual scheme rules and structures. With the Options subscription, you have the flexibility to set and run separate schemes side by side and make whatever changes you need to.
– Most companies end up needing both an EMI scheme and an Unapproved scheme to cover all their team members. The Options subscription gives you access to both, as soon as you need them.
– The timing of your EMI valuation is critical. Because it’s only valid for 90 days, you could end up spending a fortune repeating the process for each new employee, especially if you’re in a period of rapid growth. With the Options subscription, unlimited EMI valuations are baked into the price, so you can get it sorted and secure the best possible discount for your team member.New Business Manager and options expert,
Fix your options costs for the year
Your Options subscription on SeedLegals costs £2,490 per year.
This includes:
- Unlimited EMI share option schemes for UK-based, PAYE employees
- Unlimited EMI valuations to get the best possible discount for your team
- Unlimited Unapproved option schemes for advisors, consultants and anyone based outside the UK
- All the legal documents you need to ratify your scheme (including board and shareholder resolutions, option agreements and SH01s)
- Option holder dashboard for your team to view and manage their options
Subscribe and save over £1,000 with SeedLegals Options
It used to cost £3,970 to buy all three options services - an EMI scheme, EMI valuation and Unapproved scheme. And this is still pretty much the price you’d pay if you went with another options provider.
At SeedLegals, you can fix all your options costs for just £2,490 per year.
It used to cost £3,970 to buy all three options services - an EMI scheme, EMI valuation and Unapproved scheme. And this is still pretty much the price you’d pay if you went with another options provider.
At SeedLegals, you can fix all your options costs for just £2,490 per year.
3-in-1 savings: options, legal documents and expert support
The SeedLegals Options subscription gives you more than just access to unlimited options services. Unlike other options providers, when you choose SeedLegals you also get the essential legal documents you need to manage and grow your startup – plus our exceptional 5-star expert support.
The Options subscription comes with all the perks of Standard membership. This includes:
- Unlimited help from our experts
- Manage your cap table
- Founder Agreements
- Team Agreements
- Legal contracts
- Company policies
- Manage your board
- Pitch and Pitch Data Room
- Deal Data Room
- Standard Perks
Offers and discounts worth >£3,500 on services for startups
Standard membership without the Options subscription costs £499 + VAT per year.
Already have a SeedLegals Standard membership?
If you’re already on Standard and want to upgrade to the Options plan, we’ll discount your Options subscription by the amount you’ve paid for the remaining time on your Standard plan.
For example, say you’re 6 months into an annual Standard membership (£499) and upgrade to Options. We’ll take £249.50 off of the price of your first year of the Options subscription.
If you’re already on Standard and want to upgrade to the Options plan, we’ll discount your Options subscription by the amount you’ve paid for the remaining time on your Standard plan.
For example, say you’re 6 months into an annual Standard membership (£499) and upgrade to Options. We’ll take £249.50 off of the price of your first year of the Options subscription.
I already have an option scheme with SeedLegals. How does this affect me?
Don’t worry, there’s nothing you need to do. You still have access to the EMI or Unapproved option scheme you’ve already set up with us and you can continue to grant options under that scheme as normal.
And when you find you need an additional options service, you’ll get a £1,000 discount off your first year of the Options subscription (making it £1,490) as a thank you for being a loyal customer.
How to get started
Ready to join Options? Here’s how to join or upgrade:
- Log into SeedLegals
- Go to Settings > Membership
- On Options, click Subscribe
Talk to the options experts
Any questions about how the Options subscription works or need to talk through your equity plan? Our experts are here to help – book a slot below for a free thirty-minute conversation with an equity strategist.
