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This article completely omits the question of laws. As far as I know, they get quite convoluted in this regard in some of the countries. I remember that once my
by lrem 14y ago
This article completely omits the question of laws. As far as I know, they get quite convoluted in this regard in some of the countries. I remember that once my father's company got the idea to give out some stock, they found out that doing that legally was pretty hard. What they finally did was selling the stock at what they perceived market value, giving at the same time cash bonus equal to that value. If it's going to be that complicated in your case, you'd better be pretty sure that people are really interested in the stock...
- jkaljundi 14y agoI left that part out on purpose by wanting to focus more on the softer side of things, but I agree this is a problematic issue. Easier in some European countries, harder in some others. The tax laws also keep changing all the time. Saying that, I believe it is possible to solve that part in any European country even today.
- eps 14y agoFrom what I've been told the European laws made establishing anything but the SARL/Gmbh (LLC equivalients) a fairly complicated deal up until recently. And this sort of company restricts share sales only to family (?), but not to the employees and not in a staright-forward fashion. In recent years though the laws has changed, and so setting up SA (Inc equivalents) is much simpler now.
- davidw 14y ago> From what I've been told the European laws made establishing anything but the SARL/Gmbh (LLC equivalients) a fairly complicated deal up until recently That's still plenty complicated in many countries - Italy, for instance, although we did manage to improve things just a little tiny bit: http://www.governo.it/Notizie/Presidenza/dettaglio.asp?d=69038 http://www.governo.it/Notizie/Presidenza/dettaglio.asp?d=690...
- lachlanj 14y agoI couldn't agree more