Step 1: Log into your Eqvista account and select your company profile. From here, you will have to click on the “Subscription” option from the left-side list of options. Once you do this, you will reach the following page as shown below.
From the above, you will be able to see that Eqvista has two kinds of subscription plans as shared below:
The freemium plan allows you to have:
- A maximum of 20 shareholders
- Unlimited features
And the premium plan allows you to have:
- Unlimited shareholders
- Unlimited features
Just so you know, Eqvista is a FREE to use the application until you reach 20 shareholders. The moment the number of shareholders increase and go above 20, you will need to switch to the premium plan. Eqvista will notify you when you are trying to add more shareholders to your company profile, in which you will reach the subscription page and subscribe to a premium plan.
Note: You will have to pay $2 dollars for each shareholder per month that your company has (when the shareholder number is above 20). This pricing is on a pro-rata basis. This means that if you have 21 shareholders in your company for the full month, you will be paying $42 per month.
Step 2: Let us take an example to increase the number of shareholders to 30 in the company and see how it changed the amount of the price.
You will be able to see that by changing the number of the shareholders to 30, the price per month changes to $60/month, or $2 per shareholder. This means that your premium plan will be based entirely on the number of shareholders you have in your company.
The pricing for companies above 20 shareholders is on a pro-rata basis of $2 per shareholder per month. This means that if the company changes the number of shareholders, the total amount charged will be changed as well, per the number of total days with the new shareholder amount.
This is pro-rata pricing is best shown in an example:
Here are the movements of the number of shareholders in January 2020 for a sample company:
|January 1st, 2020||25||25||30||$2||$50.00|
|January 10th, 2020||35||10||20||$2||$13.33|
|January 15th, 2020||40||5||15||$2||$5.00|
|January 20th, 2020||30||-10||10||$2||-$6.67|
|January 25th, 2020||45||10||5||$2||$3.33|
As you can see the company had an initial number of 25 shareholders on January 1st, 2020, in which they were charged $50 for the billing period. However throughout the month they added and removed shareholders, causing additional charges for more shareholders, and credits for shareholders removed.
As the changes in the number of shareholders resulted in an increase of $15, this amount will be added on in the next billing period, as the payment is made once at the beginning of each billing period.
Thus, the next billing invoice would look as such:
|Next Billing Period (February 1st, 2020)||Price|
|Total charges for the month of January 2020||$65.00|
|Paid on January 1st, 2020||-$50|
|Total Amount to add February 2020||$15.00|
|45 Shareholders (@ $2 per shareholder) on February 1st, 2020||$90.00|
This is an example of how the pro-rata pricing works with the number of shareholders and the billing system when adding and removing shareholders.
To know more about how to use Eqvista, check out the other support articles here!