Enterprise Management Incentives (EMI) are a way of empowering your staff and energising them into supporting the success of the business. It is a direct link between the success of their work and the success of the company. They reap the rewards that they sow.

The schemes are known as ‘approved employee share schemes’ and provide you with a tool to grant share options to key employees rewarding effort, retaining skilled staff and incentivising your workforce.

EMI schemes are also incredibly tax efficient; an employee will not be expected to pay income tax or national insurance where they buy these shares for market value.

However, the scheme must meet various conditions set by HMRC in order to qualify as tax efficient.

Here at Hybrid, we understand how important it is to have staff that are excited about the success of the company and are motivated to help it succeed. Our experts can assist you in setting up your EMI scheme, granting your options, keeping a close eye on your options pool and eventually assisting you in the exercise of these options.

We know exactly what you are thinking.

  • That is going to be costly
  • Solicitors don’t understand our business
  • It is too complicated
  • I do not have time for complex lengthy paperwork
  • The stress with outweigh the benefits

Expert help without the stress.

  • Fixed Fees
  • Down to earth advisors
  • A team who cares
  • Years of expert knowledge at the dial of a phone
  • Simplified approach making the whole process easy to understand

We want to see you grow

1.

Understanding your business

Many traditional law firms forget this, but it’s the most important step. In order to get this right, we need to understand you as a business, learn why you wish to use an EMI scheme, and understand your current shareholdings.

2.

HMRC advanced assurance

Before setting up a scheme, we approach HMRC and ask them to provide advanced clearance for the scheme by confirming that you are a qualifying company and what the proposed market value of the shares is at the date they are granted.

3.

Granting options

Once you have received clearance, you can begin granting options to your employees. This should be done through options agreements that will document what is being granted and when these shares can be exercised.

4.

Informing HMRC

HMRC set timelines for informing them that an option has been granted. If you do not meet this time frame, the options will not qualify under the EMI scheme and are therefore unapproved share options not benefiting from the tax advantages. We will take care of these notifications on your behalf.

5.

Exercising options

Eventually, your employees will wish to exercise their options and purchase the shares at the agreed market value. This will require paperwork, a formal allocation of shares, an update to your register of members, and an update to your capital table.

6.

Keeping HMRC, and you, up to date

During the life of your scheme, we will keep HMRC notified where required, and we will keep you up to date. We will work with you to ensure your scheme runs without a hitch, and we can connect you to tax advisors, or work with yours, to ensure that the scheme always operates at maximum efficiency for you and your employees.

Client Reviews

< Swipe >

Excellent service. Helpful experts who are responsive and speak in plain English! Can’t recommend enough

Agency Owner
review-purple

Hybrid have been fantastic for my firm. The advice and work they completed was outstanding. I wouldn’t hesitate to recommend…

Accountancy Practice
review-purple

Fast, sensitive and concise advice at a reasonable cost and at a difficult and complicated time for our Company and…

Travel Consultancy
review-purple

We found the Redundancy Pack really helpful; it certainly fleshed out some of the bones we were aware of and…

Electronics Manufacturer
5 stars

Great quality work, turned around with speed and professionalism. Thoroughly recommended.

Astrid Davies Consulting
5 stars

Forward thinking legal services for business owners. Ryan and Jonathan are fantastic, I would highly recommend!

The Mortgage Hut
5 stars

Hybrid Legal helped me immensely when I was lost in the jargon of legal property rights for artists. I found…

Rebecca Wootton
5 stars

They’ve been brilliant from the outset.

Boxxfresh Limited
5 stars

I will definitely be using this service in future.

Ellision
5 stars

Incredibly efficient, friendly and professional service. All my questions answered thoroughly, promptly and clearly. Having a fixed fee ensured great…

Kathryn Hay
5 stars

Professional friendly experts who offer timely understandable advice and are excellent value for money.

Dartington Hall Pension Trustees Limited
5 stars

Fantastic, progressive law firm – they have all the answers!

Indigo Press Limited
5 stars

Hybrid give honest and straightforward advice and support, even if their recommendation means that no service would be required. Hybrid…

Malum Limited
5 stars

A great team of people, who gave me quick and really useful advise. Highly recommend.

Boon Online
5 stars

The service we received was excellent and quick.

Fermac Cargo United Kingdom Limited
5 stars

Well thought out guidance and friendly competent service, firstly from Freya and latterly Ryan. Will be using Hybrid Legal again.

Candy Tours Limited
5 stars

Jonathan was excellent throughout our GDPR health check. He was always quick to return communications and the service was very…

Tom Perris
5 stars

Fantastic service.

Par8tus Finance
5 stars

A pleasure to work with.

Anglepoise Limited
5 stars

Highly recommended!

Evolve Websites Limited
5 stars

I cannot recommend this firm highly enough.

Sam Howell Limited
5 stars

Hybrid Legal are a great company to work with.

St. James’s Place Wealth Management Plc
5 stars

Very professional approach, a really great team.

Trowtronics (UK) Limited
5 stars

Hybrid Legal are first class in business Law.

Gripclad Limited
5 stars

The service we received was efficient and much care was taken to understand our specific requirement to ensure that the…

WMBA Limited
5 stars

Hybrid Legal are a fantastic company to work with and offer first class legal advice. The team are a friendly…

Chris B
5 stars

Hybrid were very helpful and understanding throughout, with great communication. Thoroughly recommend.

Quadrant Safety Limited
5 stars

Everyone we deal with provides a very human experience.

Brand Biology Limited
5 stars

Hybrid Legal are a really reliable, clued up bunch, that it pays to have on your side. They’ve helped us…

Freestyle Web Design Limited
5 stars

Highly recommended and a law firm I shall be doing business with.

Roxie Morris
5 stars

Thank you for taking the time to explain every step of the process to me and ensuring we found the…

Martina Kerr
5 stars

We would like to thank Hybrid Legal for their amazing work. We will 100% be using them again and are…

CB Media Group Limited
5 stars

Alan and his team have given me support and advice well beyond what I’d anticipated at a very reasonable price.

DK Lawn & Order Gardening Services Limited
5 stars

Ryan and the team have been fantastic for my firm.

J Williams & Co Limited
5 stars

It has been great to know the Hybrid legal team, they feel like an extension of our own team.

Rees Leisure Limited
5 stars

Hybrid Legal were recommended….for a transfer of ownership and did a first class job.

AMFA (Southampton) Holdings Limited
5 stars

The Hybrid team gave me excellent advice on resolving an employment contract, I will definitely be using them in the…

Carl Wynn
5 stars

I would thoroughly recommend their services.

Hampshire Golf Union
5 stars

Really good people. Service I asked for was done quickly and at a very good price which they recognised was…

Dom Kay
5 stars

I highly recommend.

Big Golden Pineapple Limited
5 stars

We would not hesitate in using again or recommending.

Spitfire Shoot Limited
5 stars

A really good team – responsive, professional and friendly. Far better value than a conventional law firm.

Herminius Holdings Limited
5 stars

Straightforward and to the point.

Verina Daly Care Limited
5 stars

We are very happy with the services received and would recommend to other companies.

The Highfield Recruitment Company Limited
5 stars

Superb service, very highly recommended!

One Wight Health Limited
5 stars

Dynamic & forward-thinking.

SGW Accountancy Services Limited
5 stars

Hybrid Legal are awesome. Being a bit of a difference in our industry, our clients aren’t looking for your typical,…

Diverso Accountants Limited
5 stars

I particularly like the way that they demystify complex legal terms and provide easy to follow advice for our contract…

I.T. Dev Limited
5 stars

I simply cannot recommend Hybrid enough.

ClearMotion (UK) Limited
5 stars

Hybrid Legal provided excellent value for money when we were researching the market for new contracts to be devised. Professional…

JL Corinthian Limited
5 stars

I will have no hesitation in using or recommending to other businesses.

Pure Human Resources Limited
5 stars

A very professional team and highly knowledgeable.

Summit Safety Solutions Limited
5 stars

They are always prompt, professional and very helpful. They moved quickly and produced exactly what I wanted first time. I…

Smarter Financial Services (Holdings) Limited
5 stars

Using Hybrid Legal won’t cost you the earth. I am extremely satisfied with the work they have done so far…

Cliphair Limited
5 stars

Hybrid Legal are superb! Excellent legal advice from start to finish. The team are really friendly, respond quickly and deliver…

Just Add Treviss
5 stars

The Hybrid Experts

Alan Reid Director
Leanne Consiglio Director