What are my responsibilities as the creator of the equity plan?

Remote makes it easy to offer equity around the world — but you still have a few responsibilities as the creator of your equity plan. Let’s take a look at what that means:

• Administering your equity plan: You and your legal team must set up your equity plan and understand the compliance requirements of doing so. Likewise, your legal team is responsible for implementing any changes to the equity agreements based on our guidance.
• Issuing the equity agreement to the employee: The agreement is between your company and the employee. Remote is not able to issue equity to employees directly, nor can any EOR. 
• Withholding and reporting: In some countries, you may have additional withholding and reporting requirements. But don’t worry, we’ll let you know when that’s the case.

When a taxable event occurs — for example, an employee in Brazil exercises their options — you should let us know right away so we can comply with local withholding and reporting obligations, and advise you on any actions you may need to take.

NOTE: You can reach out to our team via email at help@remote.com or directly on the Remote platform via the Support chat widget.