LEGAL PRACTITIONERS and Other Service Providers!

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WELCOME. SIYAKWAMUKELA.
WAMKELEKILE. WELKOM.

This is your FIRST STEP if you are looking for legal or professional support. We:

  • Guarantee a response within 1 working hour,
  • Are uncomplicated, friendly and professional,
  • Our fees are sensitive to the South African economy,
  • Have a team of professionals in all major Cities,
  • Function with integrity, attention to detail and are objective driven,
  • Use technology, innovation and internal processes to streamline your experience,
  • Strive to improve the sector we operate in.

 

SERVICES | AMASEVISI

In our ‘team’ we have Legal Practitioners (Lawyers & Attorneys) and other Professionals who offer parallel solutions. Our website menu items LEGAL PRACTITIONERS and OTHER PROFESSIONALS offer a summary of services and will help you decide which type of service provider to use. Please review both pages. Afterwards, if you are still not sure who to use please ask for guidance using the Immediate Action Form on the Contacts Page.

 

FREE OR FEE? SIMAHLA OKANYE UHLAWULE?

For free services you could engage with an organization such as legal-aid.co.za or visit justice.gov.za for free information. Depending on your issue any of the following organizations might be appropriate and mandated to help for free:

  • The National Consumer Commission,
  • CGSO,
  • CCMA,
  • Housing Tribunal,
  • For insurance or banking issues, you should contact the appropriate ombudsman.

If you are looking to hire a Professional we guarantee that the fees quoted will be reasonable and you will not be charged anything until you have accepted a quote or entered into an engagement letter. Payment options will be communicated and might include hourly, per project, fixed rate or retainer. See a Cost Guideline HERE. The use of a Legal Practitioner or Court should be engaged with only once you have exhausted all amicable and free options, or if the matter at hand needs legal guidance and an expert to expedite a solution.

E-CONSULTS

An E-Consult is an effective way to receive expedited support for select, once off or ad hoc matters. Please visit the menu item for more information on this process. CLICK HERE

 

OPERATIONAL DAYS & TIMES

South African Working days. No public holidays.

  • Monday-Thursday from 09h00-13h00 and 14h00-16h00.
  • Friday 09h00-13h00.

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Employee Share Ownership Plans (ESOP) and Employee Option Plans

ESOPs and Employee Option Plans are programs companies use to give their employees a stake in the company. This means employees can own shares or have the opportunity to buy shares in the company they work for. It's like becoming a small owner of the company.

In an ESOP, the company sets up a trust fund. The company contributes its own shares, or cash to buy its shares, to this trust fund. Then, these shares are allocated to individual employees, often based on their salary level or tenure in the company. Over time, employees earn the right to the shares, which they can sell or retain.

With an Employee Option Plan, employees are given the option to buy company shares at a future date, but at a price determined when the option is granted. This option is usually cheaper than the market price, so if the company does well, employees can benefit from buying shares at this lower price and selling them at a higher market price.

In South Africa, these plans are regulated to ensure fairness and transparency. The Companies Act and the Income Tax Act are key pieces of legislation governing these plans.

Companies Act: This law ensures that issuing shares to employees doesn't negatively affect other shareholders. It also provides guidelines on how shares should be allocated and managed.

Income Tax Act: This act deals with the taxation of gains from these shares. Essentially, if you make money from selling your shares, you'll need to pay taxes on the profits.

Benefits of ESOPs and Employee Option Plans

These plans are not just a way to attract and keep talented employees; they also make employees more invested in the success of the company. When employees own a piece of the pie, they're more likely to work hard to make the company successful.

In summary, ESOPs and Employee Option Plans in South Africa provide a great way for employees to have a financial stake in their company, with clear laws in place to protect both the employees and the company. It’s a win-win situation that fosters growth and loyalty!

Contact a LAWYER or ATTORNEY for EMPLOYEE SHARE OWNERSHIP PLANS. RESPONSE WITHIN 1 HOUR. Phone or whatsapp: +27728038740, Email action@lawyers-online.co.za, or use our Immediate Action Request Form. EXCEPTIONAL CLIENT CARE.

The information on this page is not legal advice. Please engage with our team so we can assign your request to a Legal Practitioner. We look forward to being of service.

Employee Share Ownership Plans (ESOP) and Employee Option Plans