legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Introducing AI legalese decoder: Maximizing Value and Retaining Key Employees

First Choice clients can access Reins’ dynamic custom solutions to maximize value and retain key employees during business sales or exits

LAS VEGAS, Aug. 22, 2024 /PRNewswire/ — In a groundbreaking move, Reins, a trailblazing technology company committed to empowering small businesses through cutting-edge equity solutions, has announced a strategic partnership with First Choice Business Brokers (FCBB). FCBB, a leading business brokerage and M&A firm, specializes in facilitating successful business transactions by linking qualified buyers and sellers. The decision to collaborate with FCBB stemmed from their proven leadership and unparalleled expertise in the business brokerage and lower-middle market M&A sector.

“We are thrilled to team up with Reins to elevate the value proposition for our clients,” stated Linda Nyman, co-founder of FCBB. “This partnership provides First Choice clients with a powerful new resource alongside our seasoned team of professional brokers.”

Thanks to this partnership, FCBB clients now have access to Reins’ innovative, technology-centric customized equity incentive programs, including the unique Modern Agreement for Rewards & Equity (MARE).

Reins’ tailor-made strategies and advanced software empower small business proprietors to offer employees a share in the business through owner-like perks or profit-sharing initiatives. By implementing an equity and profit-sharing scheme through the MARE program, not only are key employees incentivized, but a pathway is also paved for seamless succession planning. By granting employees a stake in the company’s success, they become more deeply invested in the long-term prosperity and stability of the company.

“Partnering with First Choice Business Brokers enables us to assist more small businesses in preparing for significant transitions,” stated Chris Buttenham, co-founder of Reins. “Following a sale or acquisition, key employee turnover could impact the business’s value. Developing a strategic exit plan can aid in retaining key team members and mitigating potential disruptions. We are collaborating with FCBB to advise their clients on retention incentivization plans and streamlining the transition phase.”

Reins delivers inventive equity-sharing plans to underserved small businesses nationwide. The company’s personalized programs encourage the long-term retention of key employees, enabling owners to decrease turnover, streamline operations, and effectively formulate and execute a successful exit strategy. Reins also empowers small business employees with transparent, merit-based incentives, ranging from performance bonuses to phantom stock and profit-sharing schemes.

Guided by insightful prompts, owners can create personalized equity agreements and effortlessly manage and e-sign all documents digitally. The app features a robust vesting schedule tracker and a communication portal that keeps employees abreast of their equity status and milestones.

Established in 1994, First Choice Business Brokers (FCBB) is a renowned business brokerage and M&A firm dedicated to facilitating prosperous business transactions by connecting qualified buyers and sellers. With a strong foundation of expertise and integrity, FCBB offers unparalleled confidentiality and professionalism to its clients. FCBB has emerged as one of the nation’s premier business sales organizations, operating in 34 states and encompassing 110 territories. The agency specializes in empowering entrepreneurs and assisting them in realizing the American Dream. For more information, visit https://fcbb.com/.

Reins focuses on aiding small businesses in America incentivize their most valuable contributors and providing crucial staff with a reason to remain for the long haul.

For further details about Reins and the MARE program, visit https://www.myreins.com.

About Reins
Reins is an innovative platform that enables small businesses to effectively retain key employees by offering owner-like benefits that incentivize employees to contribute to the long-term success of the business. Established in 2023, Reins’ objective is to assist small businesses in staying productive and expanding. The company’s proprietary solution, the Modern Agreement for Rewards and Equity (MARE) program, was developed by legal experts and is customizable to meet each business owner’s requirements. Each plan is contractually binding and regularly monitored for legislative and regulatory updates. By utilizing the MARE program, business owners can swiftly create and execute the documents. For more information about Reins and the MARE program, please visit https://myreins.com/.

MEDIA CONTACT:
Heather Ripley
Ripley PR
(865) 977-1973
[email protected]

SOURCE Reins