Making equity easy: Remote and Carta join forces to create Remote Equity

Remote and Carta are teaming up to tackle one of the most important challenges in modern employment: equity compensation. ‌With the release of Remote Equity, businesses have a new, faster, and easier way to manage and grant equity for their global teams.

Why Remote and Carta joined forces

Equity is a huge motivator for people who want to join startups and scaleups. Research shows that stock options not only help companies find better talent, but they also motivate team members to work harder toward the shared goal of building a successful company. 

When an individual lives in another country, the complexities of cross-border taxation, differences in securities and employment laws, reporting requirements, and other factors make equity grants difficult and expensive to offer. Typically, a company needs to hire a lawyer and pay large sums of money for them to prepare grant documentation and stock plan amendments for a new country, a process which can add weeks.

This is why it made sense for Remote and Carta to partner. Remote is the leader in helping companies hire global talent using local, in-house experts. We help our customers and their teams navigate regulatory, payroll, benefits, and taxation challenges.

Carta is already known as the premier place to manage your company’s capitalization table, grant equity to employees, and manage tax implications for equity events.

This integration means customers can generate the necessary legal documents for issuing equity in additional jurisdictions right from Remote, with data automatically synced to Carta, providing a holistic view on global compensation programs all from a single place.

How does the partnership with Remote and Carta work?

Remote Equity, a new product from Remote, makes it easier than ever to grant equity to employees across the world while maintaining Carta as a single source of truth for your cap table.

Beginning with US companies, companies can grant and manage equity for employees in more than 75 countries under an existing stock plan from the same app they use to manage their employees worldwide. ‌In other words, Remote and Carta are making it possible to maintain your cap table effortlessly while granting equity directly inside the Remote ecosystem. 

Reed McBride, Carta’s VP of Strategic Partnerships and Ecosystem, said, “Granting equity to employees around the world brings up tax and compliance issues across each jurisdiction being touched. In the past, staying on top of global equity compliance was quite difficult — and often not particularly affordable — for scaling companies, particularly in the early stages. Remote Equity is helpful for addressing common situations across dozens of countries, and they are playing an important role for these employers. We’re thrilled to have Remote Equity on the Carta API to sync new option grants to the Carta platform.” 

Remote’s relationships with local equity tax experts in countries around the world and Carta’s world-class team of in-house equity experts cut through the confusion of international equity grants. ‌We provide fast, timely, and easy-to-understand guidance on your entire equity program.

Manage and grant equity in one place

Companies using the integration between Remote and Carta can grant equity to their team members in minutes, rather than weeks or months. ‌There’s no longer a need to wait for lawyers to draft the documentation. ‌Nor is there a need to wait for the next board meeting to have equity approved.  

Instead, your board can use Remote Equity to conduct a unanimous written consent anytime. And once it’s been approved, your team will get access to their own space to better understand the grants they’re receiving.

Businesses using Carta to manage their cap table can now access a full suite of features to support their international equity grants. Some of Remote Equity’s biggest benefits to users include:

• The ability to set up and manage stock ownership plans for employees and contractors across the world without the need for slow and expensive external legal counsel 

• Country-specific insights on stock option types, taxation, and other relevant regulations, enabling companies to make data-driven decisions that save time and money

• Personalized and localized equity education for employees, including local reporting obligations, learning materials, and tools to track the value of their equity from initial grant to exit scenarios

• Always-in-sync equity data and documentation between Carta and Remote Equity

• Fully integrated equity data to keep track of each employee’s entire compensation package in one place

• A compensation system that goes beyond traditional employees, including contractors, EOR employees, direct employees, and advisors

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What’s next for Remote and Carta?

With the launch of Remote Equity, US companies using Carta now have access to a smooth and fast process for granting and managing equity compensation. ‌But there’s so much more on the horizon for Remote Equity. 

In the coming months, you’ll be able to use Remote Equity to:

• Grant RSUs and tokens

• Grant equity in more countries

• Integrate more deeply with HR management systems, payroll solutions, and much more

All of us at Remote and Carta are excited to work together to build a more compliant and more sustainable future for global equity compensation. We can’t wait to help you grow your distributed team together!

To learn more, visit our page on granting equity to international employees.

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