concreteRick
New Member
- Messages
- 2
Does anyone have recommendations for where to get help with setting up a small company employee share scheme, e.g. KEEPs or RSUs?
I work for, and am a part owner of, a micro business (4 people in total, developing and selling an off the shelf mostly-exported s/w product). The plan is to sell the company within the next 12 to 18 months. But before that, in the next month or two it’s required to set an employee share scheme for the two employees who currently have no shares. So this is ultra-small scale. The company might be termed a ‘lean startup’.
Googling suggests that the people who profess to have expertise in this area are named Goodbody, PwC, KMPG, Deloitte, and so on. They all likely have huge overheads and expensive cars to run. They look super-costly to deal with. I’m guessing there will be many very good people among them, but they cannot afford to spend time with micro companies.
Revenue.ie has good pages about the different share scheme types and their tax implications, but none of the business document templates that are publicly available seem to address this area to provide a starting point.
It’s difficult to consider dealing with anyone without having prior knowledge about their experience, expertise and costs in this particular area.
To quote @T McGibney in another post in this forum:
“I would always advise against choosing a professional service provider at random or from a directory. If at all possible, get recommendations from friends, family and colleagues. If all else fails, and you don’t have any recommendations to hand, find out as much as you can about the firms concerned, including (but not limited to) their websites. Then make your selection after talking to 1 or 2 of them.”
If anyone is a micro company that has gone down this road, or knows one, it would be wonderful to learn from your/their experience.
Alternatively, recommendations for other forums to ask for help would great too. (Checking the www sites of the various small business associations does not give confidence that joining-up (quite high fees in some cases) would result in effective help in this area.)
Many thanks,
Rick
I work for, and am a part owner of, a micro business (4 people in total, developing and selling an off the shelf mostly-exported s/w product). The plan is to sell the company within the next 12 to 18 months. But before that, in the next month or two it’s required to set an employee share scheme for the two employees who currently have no shares. So this is ultra-small scale. The company might be termed a ‘lean startup’.
Googling suggests that the people who profess to have expertise in this area are named Goodbody, PwC, KMPG, Deloitte, and so on. They all likely have huge overheads and expensive cars to run. They look super-costly to deal with. I’m guessing there will be many very good people among them, but they cannot afford to spend time with micro companies.
Revenue.ie has good pages about the different share scheme types and their tax implications, but none of the business document templates that are publicly available seem to address this area to provide a starting point.
It’s difficult to consider dealing with anyone without having prior knowledge about their experience, expertise and costs in this particular area.
To quote @T McGibney in another post in this forum:
“I would always advise against choosing a professional service provider at random or from a directory. If at all possible, get recommendations from friends, family and colleagues. If all else fails, and you don’t have any recommendations to hand, find out as much as you can about the firms concerned, including (but not limited to) their websites. Then make your selection after talking to 1 or 2 of them.”
If anyone is a micro company that has gone down this road, or knows one, it would be wonderful to learn from your/their experience.
Alternatively, recommendations for other forums to ask for help would great too. (Checking the www sites of the various small business associations does not give confidence that joining-up (quite high fees in some cases) would result in effective help in this area.)
Many thanks,
Rick