[AU] Startup Founder Guide to ESOPs | LegalVision скачать в хорошем качестве

[AU] Startup Founder Guide to ESOPs | LegalVision

As your startup builds momentum, you will want to attract and retain the best people to help your business grow. This, however, can be challenging if you cannot yet afford to pay market salary rates. This is where Employee Share Option Plans (ESOPs) can be a huge advantage. To help you understand ESOPs and how they will benefit your startup, LegalVision hosted a free Startup Founder Guide to ESOPs webinar. On Thursday, 10 March at 11 am AEDT, Anthony Kazamias (Pitcher Partners) and Sophie Mao (LegalVision Senior Lawyer) explained: what is an ESOP?; setting employee expectations; understanding ESOP taxes, tax concessions, and reporting requirements; and providing information statements and disclosure obligations 0:00 - Intro. 0:47 - Summary of today's discussion. 1:15 - What is an Employee share option plan (ESOP). 2:17 - Benefits of an ESOP. 3:34 - Startup tax concessions 10:29 - Startup tax concessions - Examples. 12:41 - What happens if Safe Harbour valuations do not apply? 14:00 - Managing employee expectations. 17:11 - Vesting of shares & exercising options. 20:23 - Information statements & disclosure requirements. 24:05 - ATO reporting requirements. 25:27 - State-based taxes 27:32 - Download 'ESS' Guide. 27:51 - Link for registration of next webinar. 28:10 - Live Q & A 28:25 - Employees should get a vesting acceleration clause if possible but maybe that's not applicable in Australia and is that something that we should be mindful of? 30:24 - Whether you go through a capital raise whether that be seed or series A at a particular share value and if you can disregard that for the purposes of applying the safe harbour rules? 31:28 - How to deal with offering options to contractors and employees based overseas? 33:50 - Who pays the State-based taxes? 34:07 - Whether or not the same rules for employees apply to advisors as well? 36:34 - Whether somebody is taxed personally when they exercise their options? 37:40 - What happens if the company actually goes through an exit event in that three year holding period and how those affect employees and the tax concessions they'll receive? 38:38 - From a legal document perspective, what are the documents that Employees typically receive so you have a company that says that we are going to grant options to our staff, what do they actually get? 40:33 - What happens to the equity if the employee does leave? 42:01 - Whether there's an expiry or a limit on expiry for exercising options? 43:38 - About the LVConnect Pro membership 44:09 - Webinar wrap up. About Anthony Kazamias Anthony is a Manager at Pitcher Partners with significant experience in tax advisory and consulting, management accounting and reporting, and effective structuring. Anthony’s focus areas are technology and start-ups, renewable energy and retail and service industries. About Sophie Mao Sophie is a Senior Lawyer in LegalVision’s Corporate Advisory, Business Structuring and Capital Raising teams. She has particular expertise in business structuring and corporate transactions. About LegalVision LegalVision is a market disruptor in the commercial legal services industry. Their innovative business model and custom-built technology allow their lawyers to provide a faster, better quality and more cost-effective client experience. LegalVision is a leader in delivering legal services and has assisted more than 150,000 businesses across Australia and New Zealand. The firm was recently named Law Firm of the Year at the Australasian Law Awards. Visit legalvision.com.au or call 1300 544 755 to get in touch with our team. ------------- STAY CONNECTED WITH US ------------ To access more legal information videos to help you run your business, subscribe to our channel:    / @legalvisionlaw   AU WEBSITE ➡ https://legalvision.com.au NZ WEBSITE ➡ https://legalvision.co.nz UK WEBSITE ➡ https://legalvision.co.uk TWITTER ➡   / legalvision_law   FACEBOOK ➡   / legalvision   LINKEDIN ➡   / legalvision-group   INSTAGRAM ➡   / legalvision_law   TIKTOK ➡   / legalvision.law   Request a consultation by visiting our website or emailing us at reply@legalvision.com.au The information provided in this video is for general informational purposes only and does not constitute legal advice. While we aim to provide accurate and up-to-date content, laws and regulations may vary, and the information may not apply to your specific circumstances. We encourage you to contact us for a free consultation so we can provide advice specific to your circumstances.