Employee option plans in limited liability companies and their alternatives in the Czech Republic - Part I
Abstract
This article deals with possible ways in which Czech startups in the form of a limited liability company can enable their employees to participate in the value of the company. The main goal of the thesis is to give the reader a general overview of what possibilities these dynamic companies have and at the same time to analyze them from a civil law (especially commercial law) perspective.
Another goal was to evaluate whether one optimal type can be selected from this range of diverse programs at all. The first introductory part explains the focus of the article on the issue of option plans (and their alternatives) in startups in the form of a limited liability company, both for employees and contractors supplying startups with their services as business partners.
The second part describes the general non-legal aspects concerning enabling the employees to participate in the value of the company, which must be considered before deciding on the introduction of a program. These are strategic and human resources, economic and psychological and societal aspects.
The third part, in addition to a general description of the option plans (including an explanation of the most important terms), provides a private law analysis of the various possible types (and subtypes) of these programs.