All Collections
Equity
Options
Issue stock options to your global team
Issue stock options to your global team

How to set up a Global Option Pool on Cake and issue compliant offers to your team

Shannon Griffin avatar
Written by Shannon Griffin
Updated over a week ago

Setting up an option plan for your global team can be a complex and time-consuming process. However, with Cake’s Global teams add-on, issuing equity to your global team is easier than ever! In this article, we’ll explain how you can get your Global team set up with stock options in time at all!

But first, why not check out our FAQs to see why global teams are choosing Cake?

Probably the most frequently asked of all FAQs is 'well why can’t I just send an offer using my existing documents?' Whenever you make an option offer to a team member in another country, the options will be subject to local laws, including tax rules. If you make an offer to an employee in a different country under your existing Plan Rules and Offer Letter, it may not be compliant with the laws of that country. This can result in tax liabilities for the employee, breach of local laws, and the offer not being valuable to the employee.

Benefits of using Cake’s Global package:

  • Issue equity to your global team in compliance with local laws

  • Customised option offers specific to the recipient’s location

  • Use best practice plans, offer letters, and startup lawyer developed contracts

  • Partnered with local tax and legal experts in each country for legal advice

  • Save months and tens of thousands of dollars

How to set up your Global Option Pool on Cake:

1. Get the Global teams add-on: To issue global options through Cake, you will need to have the Global teams add-on. This is available on our Growth or Pro plans. Contact the Cake team to discuss setting up stock options for your global team. Just shoot us a message through the chat in the bottom right corner and we'll get you sorted!

2. Add additional countries to your option pool: Once onboarded, you'll have your additional countries set up within your existing option pool. This will include a localised offer letters and in-app workflows for each new country alongside your existing Plan Rules.

3. Get your valuation (as required): Get your valuation through our valuation partners if required for compliance with local laws.

4. Create and send your offers: Choose where your employee is based and send out their offer! The Cake platform will automatically attach the relevant suite of documents for that jurisdiction and include them in the offer to the employee. Issuing equity to your global team has really never been so easy!

Did this answer your question?