Roles of an entrepreneur

Partner by an option agreement

A shareholders’ meeting (or the board of the firm with a mandate of the shareholders’ meeting) may decide on setting a right of option for a certain person of the company, such as a key employee, member of the board or mentor. In the Finnish legal system, the company needs to inform the local trade register about this right of option. Contact your legal counsel for a complete list of information that you need to provide to the local trade register when informing about any rights of options.

It is common that the right of option is linked with some personal or company-wide goals. Only when these goals are achieved is the person allowed to subscribe a certain amount of the shares of the company with a predetermined price (or free of charge). This opens the path to becoming an owner and partner of a company. These maneuvers also mean that the equity capital (or at least the number of shares) of the company increases. In the Finnish legal system, this is also subject for an announcement to the local trade register.