ESOP
Empower your employees and secure your company’s future through an ESOP.
Connect with us today and let’s embark on this journey of shared ownership and success.
Why growing businesses like yours choose FinGurus?
A Robust ESOP Plan
We create a robust ESOP plan that can drive ownership and enable your employees to create wealth for themselves
Perfect ESOP Mechanics
When it comes to setting up an ESOP program for your start-up, we work with you through all levels – from setting up the proper ESOP mechanics to handling government compliances and communication.
ESOP
Our ESOP services will cover the following
Advisory in the Selection of Incentive Plan
Preparation of ESOP Policy
Preparation of Valuation Reports
Preparation of ESOP letters
ESOP Accounting
ESOP Tax Planning
ESOP Compliance with MCA
Frequently Asked Questions
What is an Employee Stock Ownership Plan (ESOP), and how does it benefit my company and employees?
An ESOP is a program that allows employees to become partial owners of the company by holding shares. It aligns employee interest with company success, boosts motivation, and creates multiple other benefits for employees.
How can FinGurus help my company implement an ESOP?
FinGurus specialises in ESOP consulting and implementation. We guide you through the process, from designing the plan structure to communicating it to employees. Our goal is to ensure a seamless transition to employee ownership.
How does the valuation of the company work in an ESOP?
Valuation is a critical aspect of ESOPs. At FinGurus, we employ proven valuation methods to determine the fair value of your company’s shares. This value is used to set the price for employees to acquire shares over time.
Can ESOPs help with attracting and retaining talent?
Absolutely! ESOPs provide employees with a tangible stake in the company’s success. This ownership interest can enhance employee engagement, loyalty, and long-term commitment.
What happens if an employee leaves the company before retirement?
Employees leaving the company can either sell their ESOP shares back to the company or to the other employees in the plan. The plan’s rules and the company’s policies determine the specifics of this process.
Are ESOPs regulated?
Yes, ESOPs are regulated and are in compliance with the requirements of the Companies Act of 2013 and the Companies (Share Capital and Debentures) Rules of 2014. This applies to all businesses other than those that are publicly listed.
Can an ESOP help my company with succession planning?
Absolutely. ESOPs can be an effective tool for business succession, especially for founders looking to retire/exit. The ESOP can gradually buy out the founder’s shares, providing a smooth transition of ownership.
What are the tax advantages of implementing an ESOP?
An ESOP can provide numerous tax benefits to an employer, including the deduction of contributions, the diversion of corporate income taxes, the deferral of capital gains taxes, increased depreciation deductions, improved employee retention and attraction, and estate planning benefits.
How do I start the process of implementing an ESOP with FinGurus?
To get started, reach out to us at [email protected] and our team will be ready to assist you and get on the first round of discussion to understand the requirements in detail. After assessing your requirements, our expert team will guide you through the process of implementation.
Getting started with us is easy. Don’t take our word for it, hear our client partners!
Companies
Total Experience
A+
LEAGUE
We are a fast growing business that started with one person in late 2016. We never had a CFO but thought we were reaching the point we
could use one in 2019-20, but weren’t sure. Hence, we initiated Finguru’s as our Virtual CFO.Our finance team and I always appreciate on how
onboarding FinGuru’s, had helped us with streamlining of ‘T’. FinGurus team is prompt in accounting and proactively guiding with best
practices in finance and related issues. They are extremely professional and aware of start-up scenarios, including funding.” ~ Watch the entire
accounts, finance & compliances. We were very impressed with the professional work done by FinGuru team and After about 9 months, they
also bagged the contract for being our Due diligence partners for our successful maiden fund raise from A91 partners.
For a small company looking to go big, one of the most important tools is the right financial advice, accompanied by robust support day to day
accounting. For Your Design, in spite of having great market penetration, we always lacked a guiding hand where future projections were
concerned. The entire team at Fingurus played a great role in helping us strengthen our accounts and better prepare for the future.
Arun Nair, YourDesign Store