Just so you know, Eqvista is a FREE to use application for companies with up to 20 shareholders. We believe that small companies and startups should be able to take advantage of their shareholders on an app for little to no cost, and we are here to help them out with that.
However when your company starts to grow, and the number of shareholders increases (goes above 20), you will need to switch to the premium plan.
Note: Eqvista will notify you when you are over this limit. We are taking an example of where you already have 20 shareholders and you are about to add another.
Step 1: Log into your Eqvista account and select your company profile. On the dashboard, you will be able to see shareholder details of the company on the right-hand side as shown below.
Note: The plan says “Premium” as it is a warning that the plan has to be changed to premium because the company has reached its maximum free shareholder limit.
Step 2: Now, let us try to add more shareholders to the cap table. For this, click on “Shareholders” from the left-side menu.
You will reach the page where you can see all the shareholders who have been added to the company. Here, you can also add more shareholders.
To see if you can add more shareholders easily without subscribing to the premium plan, click on “Add shareholders”.
Step 3: Once you do this, a panel would appear where you can add in the details of a new shareholder as shown below.
In this panel you will see a status above, that shows your cap table already has 20 shareholders created.
You will also see a message below the field to add the shareholder name which says, “Subscribe to the premium plan to add more shareholders”. You can add in the details of the shareholder in the field, but you will not be able to “Save” the profile as the “Save” button would not be available.
This happens when you already have 20 shareholders in your company and you want to add more. As Eqvista only allows you to have up to 20 shareholders at one time, you will have to subscribe to the premium plan so that you can then add more shareholders.