BUSINESS LEGAL SERVICES
Cap Table Creation and Management
Achieve greater transparency in your company with a clearly maintained cap table
A cap table is a visual representation of a company’s shareholding structure.
Companies like yours should ensure that they have an accurate and up-to-date cap table ready from the very beginning. A cap table makes it easy to see who owns what shares in your company and helps you get investment ready as investors will understand your company’s capital structure.
Think of it this way – if your company were a Netflix series, your cap table would be the recap rolling at the start of each episode.
With our cap table creation and management service, you’ll receive a correctly formatted cap table, which we can actively manage, and the ability to run specific investment or share scenarios to see how a future funding round or option issue could affect your company’s ownership structure.
Why is a cap table important?
A cap table is a visual representation of a company’s shareholding structure. It is good practice for a company with multiple shareholders to have one. It should be properly maintained and kept up to date. Creating and maintaining a cap table can be a tedious process though, especially in the early days when your time is limited and invested in starting and growing your business. Also, working out a cap table can be tricky in terms of share subscription prices, option percentages and company valuations. Getting it wrong and agreeing something on the basis of incorrect information can become costly.
Even though it isn’t a mandatory document to have in place, any errors in your cap table are usually reflective of errors in your company’s official ownership documentation. This can cause significant issues when approaching funding rounds or introducing employee incentive schemes.
As new investors join you on your business journey, they will dilute the equity of existing shareholders. Along your entrepreneurship journey, you’ll be hiring key new recruits, all with different classes of shares, starting and share vesting dates. All this information should be kept up to date in your cap table as your company grows.
In short, the benefits of a cap table are:
Funding rounds become easier and quicker to close
Negotiations and terms with investors become better and smoother
Disputes are minimised
Offering shares and options to employees
Employee motivation and trust is increased
You can properly plan for the future
Investor relations become
You’ll have more time back
I'm interested in setting up a cap table or reviewing my existing one. How can you help?
Creation of a dynamic cap table
Unique scenario modelling
Once your cap table has been set up, you’ll have the ability to see how a future fundraise could impact your current stakeholders without issuing your shares. Our standard cap table contains one scenario modeller for you to use. After that, all you have to do is let us know what scenario you’d like to run and we’ll do the rest.
Ongoing cap table maintenance
How does the service work?
Our cap table creation service is a fixed fee service for companies with up to 15 shareholders, up to 2 classes of shares, up to one option scheme/pool, and whose Companies House filings and statutory registers are up to date.
If you can’t say yes to all five of those criteria, don’t worry, we can still help you. Any of those missing criteria just mean a little extra work will be needed to get your cap table in order and up and running, under our bespoke offering. With our bespoke offering, you will receive the same end product as our fixed fee service, but with just a little additional work needed by us to get there.
If you require remodelling of your existing cap table, ongoing cap table management, updating and support such as ad-hoc scenario modelling and updating following a fundraise, this service is available at our standard rates subject to your subscription plan.
We’re not like traditional law firms. To provide your company with flexible and affordable legal support, there are three different ways you can work with us: pay as you go and two subscriptions. Learn more about our pricing plans.
How much does a cap table cost?
|
Service plan
|
City
One-off legal support for any business |
Enterprise
Monthly subscription for start-ups and SMEs |
On-Demand
Quarterly subscription for larger businesses |
| 1) Fixed fee | £435 | £217.50** | 1.5 hours deducted from your plan |
| 2) Bespoke* | Fixed fee plus £290 per hour for additional work | Fixed fee plus £145 per hour for additional work** | Fixed fee plus additional work deducted from your plan |
| Remodeling & ongoing management | £290 per hour | £145 per hour* | Time spent deducted from your plan |
The costs listed above are exclusive of VAT.
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Fixed fee – up to 15 shareholders, up to 2 classes of shares, up to one option scheme/pool and Companies House filings and statutory registers are up to date.
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Bespoke – more than 15 shareholders, more than 2 classes of shares, more than one option scheme/pool, and Companies House filings and/or statutory registers not up to date.
**Minus any accrued inclusive support. *We will estimate any additional work based on the time expected to be taken for reasons why the work cannot be done within the fixed fee.
AS ENTREPRENEURS OURSELVES, WE UNDERSTAND YOUR SITUATION
Wherever you are in your journey, we’ve got a member of our specialist team who’s been there before. We can offer expert advice and hands-on support to move your company forward. Our objective is to provide legal support to start-ups and SMEs that’s more accessible, affordable, and holistic in approach. We’ll get to know your company goals so that we can apply our legal knowledge and commercial experience to find the best solution and reach the best possible outcome specifically for you.
The vast majority of our experts have been recruited from top 100 Middle East and Europe law firms or in-house from small to large international businesses. Find out more about who you’ll be working with below:
Legal support designed
to fit your business needs
- An affordable solution for businesses needing one-off legal support. Receive ‘City’ partner-level expertise at a fraction of ‘City’ prices.
- A monthly subscription legal support package specifically designed for start-ups and smaller businesses.
- Providing you with priority access to a dedicated panel of highly experienced lawyers.
Say hello!
What next?
Please leave us your details and we’ll contact you to discuss your situation and legal requirements. There’s no charge for your initial consultation, and no-obligation to instruct us. We aim to respond to all messages received within 24 hours.
A national law firm
Our commercial lawyers are based in or close to major cities across the Middle East and Europe providing expert legal advice to clients both locally and nationally.
We mainly work remotely, so we can work with you wherever you are. But we can arrange face-to-face meeting at our offices or a location of your choosing.
Jeddah
London
United Kingdom