Most if not all companies start out administering their equity plans in-house, which makes a lot of sense. Early days of a company the plans tend to be small and require little effort to maintain. But all too quickly that changes. Suddenly, performing this function in-house becomes a challenge and even a burden. Too much time spent on day-to-day administrative tasks that have little to do with driving your company’s financial success. And that’s just for starters. You need to keep up with local tax laws and regulations, not to mention the complexities around managing taxes for mobile employees. And what about the latest trends in plan design? Are you keeping up with what your competitors offer? How can you even know?
If any of this sounds like you, it may be time consider a new way to manage your equity plans. Check out our article, 5 Improvements from Outsourcing your Equity Plan Administration to see if the time has come to make a change in the way you administer your equity plans.