Are you looking to set up an Employee Share Scheme for your Employees? Are you unsure about how to implement Employee Share Schemes into your Employment Agreements? If you run a company and are looking at setting up Employee Share Schemes with your current or future employees, it is a good idea to get some legal advice on the most favourable scheme structure, both for your company, as well as your employees.
If you need assistance in setting up a new Employee Share Scheme, or simply wish to have your current Employee Share Scheme reviewed, get a fixed-fee quote from LegalVision at 1300 544 755. Simply fill out the form on this page for more information!
LegalVision has a team of fixed-fee business lawyers specialising in setting up these schemes. Given the significant changes to the existing Employee Share Scheme rules that take effect from 1 July 2015, it is important to get an understanding of these new rules.
What is an Employee Share Scheme?
An Employee Share Scheme is a Shares Option Plan provided by companies to their employees. With an Employee Share Scheme, the employer can give an employee an ownership share in the company, otherwise known as equity. This ownership interest can either be in the form of shares or entitlements to shares, sometimes referred to as options.
It is not uncommon for company owners to encourage new employees to participate in an Employee Share Scheme that offers Employee Share Scheme Interests at a discounted rate. There are a number of different schemes and each will have its own taxation consequences. Employers may offer, and employees may take part in, more than one scheme.
For more information on the eligibility criteria for start-up concessions, the various tax point changes, and the different Employee Share Scheme options now available to eligible start-ups, get in touch with LegalVision today.