Thinking of an EMI share option plan?
With more than 14,000 UK companies using the EMI scheme, now, more than ever, key employees are looking to their employer for benefits and reward of their loyalty and industry expertise.
The Enterprise Management Incentives Scheme (EMI) is a great tool aimed at helping you retain your key employees. As a new start-up struggling to pay competitive salary levels or an established business seeking fast-growth, you may want to bridge the gap and tie in their commitment to the business by offering share ‘options’ in your business.
Whatever your reason, the EMI scheme allows for your business to issue ‘options’ to buy shares in your company at a set price – usually able to purchase on a future agreed date. The EMI scheme, rules for purchasing, timeline and other qualifications can all be agreed and set at the start of the scheme with the hope that in the future, their shares will be worth more than the share option price which provides the employee(s) with an attractive tax-free gain in the future.
We can work alongside you in setting up your scheme, work with your legal team or manage your share option software such as Vestd, Capdesk or Seed Legals.
How we can help:
Establish if your company and employees are eligible for EMI. Then we can work alongside your legal team and help you design the EMI scheme.
We provide an expert business valuation service for agreement with HMRC aimed specifically at growing businesses seeking to set-up an EMI scheme.
We’ll assist you in granting the first round of share options to employees and update the company register as required.
We’ll also register your scheme with HMRC and provide the notifications and annual return as required, if you prefer to have this managed for you.
Many business owners opt to use an online platform such as Vestd, Seed Legals or Capdesk, which we are able to manage for you.
We can do as much or as little as you require… so why not arrange a free consultation to see if your company could benefit from the EMI scheme?
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