Reins is an exclusive FCBB partner that offers a simple solution for private businesses to easily create, customize and manage phantom stock and profit sharing plans. Phantom stock entitles an employee to a future cash payment based on the company's value, usually triggered by events like a sale. Offering stock and other equity-type incentives have historically been challenging for LLCs and S Corps in particular. That’s why Reins developed the MARE (Modern Agreement for Rewards & Equity painless way to offer owner-like benefits without the traditional challenges.
Reins’ proprietary phantom stock plan: the easiest way to incentivize key employees with owner-like benefits.
A specialized profit sharing plan tailored to meet small business needs for short-term cash distributions.
It’s never too early to create a unique benefit program like phantom stock and/or profit sharing to give key employees a stake in your business. Maintain your legacy by ensuring key operators are properly incentivized to take care of your business while you begin to step back or think about a sale. When key employees have skin in the game it strengthens the valuation of your business and
makes you more attractive to potential buyers.
Have more confidence and protect your investment by implementing a key employee benefits program. Before, during and after you buy a business, align incentives with your key operators who can help you reach new heights.
De-risk the sale of your business with this simple employee retention solution
Employees are your most valuable asset, especially when you're selling your business. Buyers expect consistency during a transition and beyond, making it critical to keep your top staff in place to ensure the deal goes through.
Reins, an exclusive FCBB partner, offers a simple and affordable solution for employee retention: phantom stock and profit sharing plans that are fully customizable and securely managed. Phantom stock is a unique equity benefit that is tied to the payment trigger of your choice. Many sellers opt for stock that converts to cash months or years after the sale, ensuring employees stick around.
Employee turnover at the time of sale is a huge liability. Reins serves as a version of an insurance policy for you, your buyer, and your employees. Everyone wins.
For sellers who are earlier in their business transition journey, Reins can remove a common objection and potential deal breaker for buyers. By going into the sales process with phantom stock agreements already in place, you can give buyers more confidence in their investment.
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Ensure a smooth transition with our simple employee retention solution
Employees are the backbone of any successful business, and retaining them during an acquisition is crucial for ensuring a seamless transition and long-term success. As a buyer, you need the confidence that the business you’re acquiring will continue to thrive with its top talent in place.
Reins, an exclusive FCBB partner, offers a straightforward and cost-effective solution for retaining key employees: customizable phantom stock and profit-sharing plans that are securely managed. Phantom stock provides employees with a unique equity benefit that is tied to the payment trigger of your choice, often converting to cash months or years after the acquisition, ensuring they remain committed to the business.
Gain peace of mind that key employees will stay on board, maintaining business continuity and performance. This gives you greater confidence in the success of your investment.
Keeping key employees engaged reduces the risk of turnover, which can disrupt operations and negatively impact your new acquisition. Reins acts as a safeguard, protecting your investment by ensuring the business retains its most valuable assets—its employees.
Reins offers simple, legally-binding retention plans that can be customized to fit any business structure, from small LLCs to large corporations. Implement these plans quickly and effectively to suit your specific acquisition needs.
As a small business owner I was looking for some help to implement a stock option agreement for a key employee. Reins offered a competitive, easy to understand and simple to implement option to create a Phantom Stock plan that met my needs. Sarah was very responsive and helpful making the process stress free!
When The CPG Collective was started, our team wanted to ensure that we were all "owners" of the business we created. We found a great partner in Reins who helped us develop an equity program that met our needs as a new business. The MARE Phantom Stock Program did just that for us. If you are looking to create this type of program for your new business, I would highly encourage you to reach out to Chris Buttenham. His customer service and support throughout the process have been nothing short of amazing!
“I was looking for a way to reward my shop manager and incentivize him to stick with me as the company grows. Reins put together a great package for him. They also created another version of the MARE for my technicians that included profit sharing. The whole experience was customized for my business, affordable, and less complicated than using a lawyer.”
Phantom stock entitles an employee to a future cash payment based on the company's value, usually triggered by events like a sale. It is an innovative way for LLCs and other companies that can't or don't want to use traditional equity to get started with owner-like benefits for key employees.
Our plans are built by attorneys and customized by you. Every plan is legally-binding and created to meet small business needs. Though our software was built with guidance from top tier lawyers, we are not a law firm and encourage you to consult with your lawyer.
Reins transforms a static legal agreement into a living, editable benefits program. Reins Membership benefits include: quarterly compliance checks, secure document storage, ability to grant and monitor awards, add and remove plan participants, employee education, and ongoing Reins support.
The main difference between phantom stock and profit sharing is that profit sharing is not linked to the company's value or stock price. Profit sharing is often done quarterly or annually, while phantom stock pays out on a specific trigger (like retirement or the sale of the company, for example).
Profit sharing is a powerful feature to pair with phantom stock, since it integrates more frequent, shorter-term incentives into your benefits plan.
Our technology makes creating, customizing and managing phantom stock plans nearly instant. Often the majority of the time required to implement Reins is deciding what plan features make sense for your business.
Call or text us at (725) 237-5396 between Monday - Friday 9am - 5pm Pacific time if you have questions or would like to get started. You can also email us at hello [@] myreins.com.
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