Today, Carta released LLC Blueprints—a first-of-its-kind free resource to help LLCs issue equity to their employees. The interactive resource will help company leaders:
Learn more about the types of equity incentive plans that are available for LLCs
Choose the right plan for their company
Implement that plan efficiently, and educate with employees regarding their equity awards
“LLC Blueprints is an amazing client resource that helps both in-house counsel and the business teams get a more complete understanding of LLC incentive equity options,” said Andrew Gilbert, Partner at Croke Fairchild Duarte & Beres. “These guides work hand-in-hand with our discussions with clients. They ‘prime’ the conversation to help the client clear the learning curve faster, which in turn allows us to have a far more productive set of initial calls and ultimately keeps legal costs down.”
Carta’s LLC Blueprints helps companies understand the ins and outs of the six main types of equity incentive plans available to LLCs—including vesting structures, tax implications, liquidity options, distributions, and more. Companies will also have the option to be connected to an attorney through Carta to help roll out their equity plan.
“We’ve heard from so many of our customers and law firm partners that LLCs want to issue equity but don’t know where to start,” said Vrushali Paunikar, chief product officer at Carta. “They lack resources and guidance. We wanted to change that. We wanted to make equity easier to understand for LLCs and ultimately help unlock the power of equity ownership for more people.”
Carta built LLC Blueprints to:
Help companies recruit and retain employees with the benefit of equity ownership
Give lawyers a resource to share with their LLC clients considering equity grants
Make sure LLC employees can participate in the upside of the companies they’re helping to build.