Management Packages

Management packages counsel, warrants, free shares and carried interest.

Whitepeak Law structures and tax-secures management incentive instruments for executives and managers: BSPCE warrants, free shares, BSA warrants, carried interest, and reclassification risk analysis.

Practices

Areas
of practice.

Warrants (BSPCE) and subscription rights

Implementation and tax securing of BSPCE warrants: eligibility conditions, exercise price setting, allocation plan, and tax treatment upon exercise and disposal.

Free shares (AGA)

Structuring of free share allocation plans: performance conditions, holding period, employer and beneficiary tax and social security treatment, and AMF compliance for listed companies.

BSA warrants and carried interest

Structuring and tax securing of BSA warrants, carried interest in funds, and incentive mechanisms used in private equity and LBO transactions.

Reclassification risk analysis

Audit of existing management packages: risk of reclassification as employment income, analysis of genuine investment criteria, review of contractual conditions, and identification of risk points.

Clients

The clients we advise.

Executives and beneficiary employees

Advice to management package beneficiaries on the tax treatment of their instruments: BSPCE, free shares, BSA warrants, and optimal tax disposal management.

Private equity funds

Structuring of management packages associated with LBO transactions: choice of instruments, setting of exercise conditions, good and bad leaver mechanisms, and tax risk analysis.

Startups and growth companies

Implementation of BSPCE and free share plans to retain and motivate key teams. Advice on eligibility conditions, allocation rules, and exit management.

Companies in sensitive situations

Management of management packages in sensitive situations: departure of the beneficiary, bad leaver, disposal of the target company, and instrument exercise in a litigation context.

Approach

A practice driven by decisions.

Tax securing of instruments

Management packages face a significant reclassification risk in light of recent case law developments. Whitepeak Law secures the instruments by ensuring their tax qualification and the conditions of their implementation.

Senior attention on every matter

Every matter is handled by the founding partner. First point of contact, last reviewer. The tax stakes of management packages engage the clients' position over several years.

Corporate and tax integration

Management packages have inseparable corporate dimensions (company law, articles, shareholders' agreement) and tax dimensions. Whitepeak Law commands both and designs instruments that are coherent on both fronts.

Paris Bar·UCLA School of Law·MIT Sloan School of Management·White & Case·Allen & Overy·Former Partner, Beaubourg Avocats

Your management package.

Confidential initial consultation to analyse your situation, identify the instruments suited to your objectives, and secure their tax treatment.

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