LLCs and MLPs use Profit Interest Units (PIUs) to signify a member or partner holder as having an ownership/interest in the future profits of the company.
As with most grant types, the ability to track time-based and performance-based vesting schedules is core, as well as flexibility to accommodate for plan adjustments, distribution methods, tax considerations and broad reporting requirements.
Equity Compensation Management for LLCs
Let's explore how equity compensation management will work for you.
Download the datasheetTrack LLC/MLP members and record profit interest unit grants.
Certent’s expanded functionality includes the ability to track, record and report on PIU grants.
Get the critical reports to make policy decisions on valuation.
Certent’s PIU plan management allows limited liability companies to make policy decisions on valuation, whether Black Scholes or Intrinsic Value method, with stock payout distribution following ASU718 guidelines.
Equity Management Key Benefits for PIUs:
- Track LLC participants and record profit interest unit grants
- Track time-based or performance-based vesting schedules
- Provide cash or share distribution payout methods
- ASU 718 or Intrinsic Value method expense management
- Participants can view and manage their PIU holdings
- Robust reporting capabilities: 100+ standard administrative & financial reports available
Quick Start Implementation for LLC/MLP up to 100 members
Like many growing companies, you need to move beyond manual spreadsheets or legacy software for equity management; but you simply don’t have the time or resources for a major software migration. Certent’s Quick Start Services can help!
Get the Quick-Start Datasheet
Find resources to help support your PIU reporting process
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