Equidam simplifies ESOP tax compliance evaluations in selected countries. For a full list of supported countries, please visit our dedicated page.
The process described below is applicable to situations where advisors are not required, please check your local regulation to ensure full compliance.
First-Time ESOP Evaluation Process
If this is your first time conducting an ESOP evaluation using Equidam, follow these steps:
1. Complete Your Questionnaire and Financial Projections:
- Log in or create your Equidam account.
- Purchase the "Standard" or "Benchmark" evaluation, depending on your company's current needs.
- Fill out the detailed company questionnaire and input accurate financial projections.
2. Review Your Company’s Data:
- Thoroughly check the accuracy of all entered information to ensure a precise evaluation.
3. Download the Appropriate Report:
- Select and download the valuation report that best aligns with your strategic view and future outlook of your company.
4. Implement Your ESOP Plan:
- Share the generated report with your board members, advisors, and accountants for thorough review.
- Once the plan is approved and finalized, distribute it to your employees to communicate clearly the details of their equity compensation.
Post-Evaluation Support:
Included in your initial valuation purchase, you have the option for a post-valuation consultation call with Equidam experts. This call can clarify any uncertainties and enhance your understanding of the report. Additionally, we recommend reviewing your valuation with your personal financial advisor or accountant to address specific local compliance questions.
Annual Update ESOP Evaluation Process
For returning companies conducting an annual or periodic ESOP evaluation update, the process is streamlined:
1. Login and Purchase the Appropriate Evaluation:
- Log in to your Equidam account.
- Purchase the "Standard" or "Benchmark" evaluation, depending on your company's current needs.
2. Update Existing Data:
- Update your previously input data, including financial projections and other relevant details, to reflect your company’s current circumstances.
3. Download Your Updated Report:
- Once updated, your ESOP compliance valuation report is ready to download and can typically be completed within minutes.
4. Review and Share the Report:
- Share the updated evaluation with your board, advisors, and accountants to confirm alignment with current company data and strategy.
- After approval, communicate the updated ESOP information clearly to your employees.
By following these clear processes, Equidam ensures your ESOP evaluations are accurate, compliant, and easy to manage.