Sprintlaw offers smart, simple and affordable legal solutions for small businesses and startups. We’re a totally online law firm and we’re ready to help wherever you are in Australia
Need help with your Employee Share Option Plan (ESOP)?
An Employee Share Option Plan (ESOP) is a system used by companies to incentivise and retain valuable employees. Our expert lawyers are ready to draft an ESOP for your business’ specific needs.
An ESOP drafted by our top-trained lawyers
Phone consultations with our lawyers
We’re an award-winning, totally online law firm. Forget the hassle of meeting a lawyer face-to-face. Our top-trained lawyers are ready to help wherever you are in Australia.
Our lawyers were recruited from Australia's top firms and use our custom-built technology to provide a better and more affordable legal service.
Commercial Contracts Lawyer
Corporate Specialist Lawyer
Intellectual Property Lawyer
1 / Get a free quote
Our legally trained consultants will prepare a fixed-fee quote for you.
2 / Accept online
Accept your fixed-fee quote and e-sign our engagement letter.
3 / Speak with a lawyer
Our expert lawyers will talk you through your project via phone, video call or whatever suits!
Receive your completed project, usually within 5 - 10 working days.
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“I had a fantastic experience with Sprintlaw - it was easy, cost-effective and their lawyers provided very high quality advice. I could tell they really cared about my business.”
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An Employee Share Option Plan (ESOP) is a system used by companies to incentivise and retain valuable employees.
Under an ESOP, companies offer employees rights to buy shares in the company. These rights are usually provided with certain attached conditions, such as minimum employment periods and/or minimum KPIs which the employee much meet.
Our expert lawyers will take your instructions and draft an ESOP according to your specific needs.
As part of this package, our expert lawyers will draft an ESOP to meet the requirements of your particular situation. You’ll receive phone consults with our lawyers, and a complimentary amendment to the final draft we provide to you.
We’ll also review the company constituent documents, draft the ESOP Plan Rules, and advise on variables required to prepare the offer letter.
We can also assist in preparing offer letters to your first round of ESOP participants. Plus, we can prepare the required board and member resolutions.
This package starts at $1650 + GST.
Broadly, ESSs (Employee Share Schemes) directly issue employees shares, while ESOPs give employees the opportunity to acquire shares in their own company through a share option plan.
However, there are several nuanced differences between these two schemes. There are also tax and concession benefits you’ll need to be aware of, particularly in light of 2015 reforms.
Our team is happy to chat you through the differences and help you decide which option is best for your business.
As an online law firm, we eliminate the headaches of paying us by the hour and finding time to meet with a lawyer in person. We communicate via phone, email and cloud conferencing — whichever suits you! We know you’re busy, so we’re only a click away.
You’ll be guided through this process by our expert lawyers, who are Australian-qualified and were trained at leading law firms. They left the traditional corporate law sphere to help us make legal services better. Our lawyers specialise in technology, intellectual property, contract drafting, corporate, employment and commercial law.