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Remote Ropes in Charter to Simplify Capital Grants for Distributed Teams
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Remote Ropes in Charter to Simplify Capital Grants for Distributed Teams

a few months later acquiring capital management company EasopRemote, an HR platform for managing geographically distributed teams, is doubling down on its focus on equity compensation management with a new product, Remote Equity.

Remote already makes it easier for companies to work with talent around the world. Companies can hire workers anywhere and treat them as local employees without having to open a local entity.

However, stock option plans remain a hurdle for startups with distributed teams. Giving equity to international employees is a difficult proposition, as you need to take into account withholding taxes and other local regulations.

Remote Equity essentially solves this by allowing companies to grant stock option plans to their international employees. These plans will comply with local regulations in jurisdictions where Remote Equity is available, and companies will not have to find local attorneys for their international employees to draft grant documentation.

For this product, Remote has incorporated letter as his first partner. Companies that use Carta to manage their cap table can draft and issue option grants in Carta and include international employees. Behind the scenes, Remote will generate the necessary legal documentation for additional jurisdictions, which will be available in the Carta interface.

Equity data will automatically sync between Carta and Remote Equity, allowing managers to view the full compensation package for each employee from the Remote interface, including stock option plans.

Valentin Haarscher, co-founder and CEO of Easop, is now also the CEO of Remote Equity.

Deel, one of Remote’s competitors in the global HR platform space, also integrates with Carta to synchronize capital events and automate global capital tax withholding.