Enter the SeedLegals option scheme
At SeedLegals, we exist to make startups’ lives easier. Our new EMI Scheme takes the pain out of setting up and running a share options scheme for your employees.
It all starts on your SeedLegals dashboard. Just fill a few quick details to get your scheme set up. What was once a serious administrative pain is now simple and easy. It’s 10 times faster than the old way of doing things, too.
Once everything is up and running, you’ll be able to manage your option pool as part of your cap table, and allocate options to specific employees with custom vesting schedules, as and when you need to. Employees can log in and check the details of their options whenever they need to. You can add and remove employees from your scheme in a few clicks — something that used to require more paperwork every time.
While you’d usually expect to pay at least £5,000 to set up an EMI-compliant option scheme, (with schemes for more than 50 employees costing £10,000 — £20,000+) we’ll get you going for just £1,500 and let you add up to 250 employees any time. What’s more, because everything is streamlined and designed specifically to help founders, SeedLegals can stop you making expensive mistakes with your paperwork. Humans make mistakes, machines don’t.
This new scheme won’t change options culture in the UK overnight, but it will help founders offer an efficient, effective options scheme with less stress and expense.
If your early employees believe in your business, the SeedLegals EMI Scheme will help you reward that belief. Slowly but surely, we can shift options culture and attract the best talent to UK startups.
Interested in learning more? Join SeedLegals for free, and let’s get your share options scheme started.