New to Eqvista? We can help! Eqvista is a simple to use cap table management tool and we have created this support article to help you move smoothly through the process of issuing shares to founders.

Here is a step by step process to issue shares to founders on Eqvista

Step 1: Once you have created your profile on Eqvista, you would be prompted to create a company. There are three steps to create a company profile, out of which the third steps helps you to add the founder profile.

Let us say that you have just created your profile on Eqvista. The next page you would be directed to is as shown below, for creating a company profile on Eqvista:

Eqvista - Company Profile

In the first step, you would have to fill in details including the company name, company type, incorporation date and the country of origin. Once you have done this, click on “Save and continue”.

Step 2: After this, you would need to add the number of shares in your company. When you register your company and obtain the incorporation certificate from the government, it comes with the number of shares that your company is made of. For this, you can check your Articles of Incorporation, which would help you know the number of shares of your company.

Add this number to the space provided along with the price per share at the time of incorporation (mostly if you have just incorporated your company). If your company has been in the market for a long time, the share value might have changed. Ensure that you add the exact number of shares and the share value while creating a company on Eqvista as shown below:

Authorized company Shares

Once you have filled in all the details, click on “Save and continue”.

Step 3: After you click on the “Save and Continue” button, you would be directed to the next page. On this step, you would be asked if you are a founder or not. In case you are a founder, you can click on “Yes” and move to the next step.

Company Founder

Step 4: By clicking on “Yes”, a drop down page will appear allowing you to add your details as a founder in the company. It is important to note that this step does not just help you add a founder’s details to the cap table, but it would also be issuing the shares to them from the founder equity class. 

Founder Details

If you have already issued shares to the founder(s), you need to mention the same details while filling this. The details include the:

  • Email of the founder – This is the email that is used to invite the founder to view the cap table and handle their shares owned in the company.
  • Legal Name – This is the name of the person who is getting the shares. Ensure that the name is written properly and with the correct spelling. 
  • Date of IssuanceThis is the date when the shares were issued. Ensure that you add in the right date for this. 
  • Number of Shares Issued – This is the number of shares that the person is offered. 
  • Price per Share – This is the price of a share of the company at the time of issuance.
  • Share Name – This is the certificate number being issued to the shareholder. Every certificate has a number. If the person has already been issued a paper certificate, ensure that the number entered here is the same as the number on the certificate. 

After you have added all these details, you can add another founder, if there is more than one founder in the company. For that, you can click on the option “Add a founder” and put in their details just like you did for the first founder. 

If you select the option where you are not the founder, the same page will open where you can add the name of the founder of the company. To explain better, we have selected the option “No” for the question “Are you the founder?” and displayed the process below:

Issue shares to founder

By selecting “No”, you would get the option to “Add a Founder”. Click on it to reach the following page where you would need to add the details of the founder.

Adding founder details

Step 5: Once you have filled all the details in, click on the “Save and continue” button. You would then be directed to the main dashboard for your company on Eqvista platform as shown below where you can see the founders of the company along with the shares that they have been issued. 

Cap Table Dashboard

You can see that there is only one founder and the number of shares that the founder holds in the above screenshot. This is how your initial cap table would look like when you add the founder and issue shares to them.

If you have any doubts or want to know more, check out the other support articles here or contact us!

Interested in issuing & managing shares?

If you want to start issuing and managing shares, Try out our Eqvista App, it is free and all online!