ShareworksvsEntityEngine

Shareworks vs EntityEngine: Equity Plans vs Entity Record

Shareworks runs equity compensation. EntityEngine runs the entity record around it. Shareworks is Morgan Stanley at Work’s integrated equity compensation platform for private and public companies; EntityEngine is the governance, compliance, and formation record for the company that issues the equity.

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Why teams compare these

Where EntityEngine takes a different approach

Board Operations Beside the Equity Program

Equity events tend to follow board decisions. EntityEngine covers the boardroom side of that work: meetings with built-in video, committees with their own quorum, packets, minutes, resolutions, voting, and a durable decision history.

The Entity Record, Not Only the Plan Record

Formation documents, entity details, state filing calendars, and good-standing work sit outside an equity compensation platform by design. EntityEngine keeps them with the governance record that produced them.

Documents and Signature in the Same System

A role-scoped document vault with an e-signature workflow for resolutions, consents, and policies — connected to the entity and board records they belong to, not filed separately after the fact.

AI Across the Whole Record

EntityMax answers from entities, board decisions, documents, and compliance deadlines together. It drafts and explains; it does not file with any agency on your behalf.

What Shareworks does well

Equity compensation at institutional scale

Shareworks is Morgan Stanley at Work’s equity compensation platform, described on its own page as “an integrated equity compensation management platform designed for the unique needs of both private and public companies.” The depth is real and the scale is unusual: Morgan Stanley reported roughly 40% of S&P 500 companies represented, 3,400+ combined public and private stock plan clients globally, and 6.6 million+ stock plan participants served as of 2024, counting its E*TRADE Corporate Services business. Very few software vendors in this category sit inside a firm that also runs 409A valuations and company-led liquidity programs.

Cap table management with drag-and-drop reporting, a master cap table workbook report, and high-performance modeling for new financing rounds, management carve-outs, and exits
A sandbox test site for modeling new grants, budgeting expense, and comparing forecasting scenarios before anything is committed
Key reporting events for both private and public organizations, including 409A valuations and Section 16 filings, plus real-time data sharing via API from HRIS systems
An in-house 409A valuation practice with safe-harbor and audit-ready framing — Morgan Stanley cites 260+ client IPOs in five years and $14B+ in liquidity transaction volume
Liquidity events and secondaries run end to end, from sale to settlement: controlled secondary approvals, dividend payouts, distributions, terminated-employee repurchases, and M&A events
Certificated, uncertificated, and electronic stock certificates, and tax rules tracked across jurisdictions as a company expands globally

Where teams outgrow the fit

Equity is one record; a company keeps several others

The Shareworks scope, as Morgan Stanley publishes it, is equity: cap table management, equity plan administration, 409A valuations, liquidity events, financial reporting, and global equity tax intelligence. That is a deliberate boundary, and a well-drawn one. It does not extend to the corporate filings, board operations, and entity records that live beside ownership, and Morgan Stanley does not claim that it does.

The published private-company solution set covers cap table, 409A, liquidity, plan administration, financial reporting, and global intelligence — not entity formation, registered agent service, state annual reports, business licenses, or beneficial-ownership obligations
Board coverage on the pages we reviewed is equity-adjacent — approvals inside equity and secondary workflows. Agendas, packets, minutes, and committee structure are not part of the published scope
Pricing is not published. Every private-company page ends in “Let’s Start the Conversation,” routing to a request-a-quote page with no pricing shown, which suits enterprise procurement and slows down a small team that wants to start this afternoon
The buying motion is sales-assisted throughout; there is no self-serve signup path on the public site

How EntityEngine approaches it

One record for the entity, the board, and the filings

EntityEngine starts from the entity rather than the equity plan. Board directory and committees, meetings with built-in video, packets, minutes, resolutions and voting, decision records, the document vault, e-signature, and the compliance calendar are live today for a paying account. Our equity engine is in private beta and is not enabled for production accounts, so today most teams run EntityEngine beside Shareworks rather than instead of it.

Board member directory, committees with per-committee quorum, meetings with built-in video, packet building, and minutes
Resolutions and voting with decision records that carry a lifecycle lock and full audit history — records with provenance, not cryptographic seals
State filing deadline tracking, formation for Delaware and Florida LLCs, and a document vault with e-signature as a paid add-on
EntityMax answers across entities, decisions, documents, and deadlines — one assistant over the whole operating record
Stated plainly: no cap table, no 409A, no transfer agent or brokerage function, and no SOC 2 or ISO certification on our side today

How to choose

Which one fits your situation

Choose Shareworks if

Equity compensation is the actual job. Plan administration, grants and vesting, participant experience, forecasting, financial reporting, and Section 16 filings are what Shareworks is built for, and EntityEngine does none of it today.
You want the 409A from a provider with an institutional track record — Morgan Stanley cites 260+ client IPOs over five years and frames its valuations around safe-harbor and audit readiness.
You are heading toward a tender offer, a secondary program, or an IPO. Liquidity events, secondary approvals, and settlement are a first-class part of the platform, backed by a firm that can run the transaction.
You are a public company, a global company, or both. Section 16, financial reporting, cross-jurisdiction tax rules, and HRIS API integration are published capabilities, and the scale behind them — roughly 40% of the S&P 500 represented as of 2024, across Morgan Stanley at Work including E*TRADE Corporate Services — is not something a young vendor can offer.

Choose EntityEngine if

The bottleneck is board operations rather than the equity plan: meetings, committees, packets, minutes, resolutions, and a durable decision history.
The entity itself needs a home — formation records, state filing deadlines, good-standing work, and the documents everyone signed.
You want an assistant that answers across entities, board decisions, documents, and deadlines instead of equity events alone.
You want to start today without a sales cycle, and you are happy leaving equity administration where it is. Our equity engine is in private beta, and Shareworks is a good place to leave it.

Feature-by-Feature Comparison

Feature	EntityEngine	Shareworks
Equity & Cap Table
Cap Table Management	Equity engine in private beta, not enabled for production accounts	Master cap table workbook report, real-time shared view
Equity Plan Administration
Grants, Vesting & Participant Portals
Scenario Modeling & Forecasting		Sandbox test siteModel grants, budget expense, compare forecasts; model rounds, carve-outs, exits
409A Valuations	Not offered and not brokered	In-house valuation practice
Section 16 & Public Company Reporting
Liquidity Events & Secondaries		Controlled secondaries, tender-style events, repurchases, M&A, sale to settlement
Digital Stock Certificates		Certificated, uncertificated, and electronic
Global Equity Tax Intelligence		Tax rates and rules tracked across jurisdictions
HRIS / API Data Sharing	No public or customer-facing API today	Real-time data sharing via API from HRIS systems
Governance & Board Operations
Board Member Directory
Committees with Per-Committee Quorum
Meeting Management with Built-In Video
Board Packet Builder	Assembly onlyPacket assembly; the in-app PDF reader and annotation are not enabled yet
Minutes
Resolutions & Voting		Approvals inside equity workflows
Decision Records	Lifecycle lock + audit historyRecords with audit history, not cryptographic sealing
Entity & Corporate Compliance
Entity Formation	Delaware & Florida LLCOther states and entity types are not yet purchasable	Outside the published Shareworks scope
Annual Report Deadline Tracking
BOI / Beneficial Ownership	Deadline tracking onlyNo filing workflow — we do not file for you
Good Standing Monitoring	BetaDerived from your tracked obligations, not scraped from Secretary of State records
Business License Intelligence	Beta
Registered Agent	BetaFulfillment is not yet generally available
Compliance Calendar & Notifications		Equity plan and reporting compliance
Documents, AI & Scale
Document Vault		Equity plan and certificate documents
E-Signature	Paid add-on	Not described on the pages we reviewed
AI Assistant Across the Record	Organization-wideEntityMax answers and drafts; it does not file with any agency	Not part of the published Shareworks capability set
Scale & Track Record	Early-stage product	3,400+ stock plan clients globallyMorgan Stanley figure as of July 2024, including E*TRADE Corporate Services
Backed by a Regulated Financial Institution		Services provided by Morgan Stanley Smith Barney LLC, member SIPC
Pricing & Trust
Published Price List	Quote via Package Builder	No price, tiers, or starting rate published
Self-Serve Signup		Sales-assistedEvery product page routes to a contact form
SOC 2 / ISO 27001 Certification	Designed for SOC 2 readiness; not certified	Not stated on the pages we reviewed
Pricing Meter	Engines + seats	Quoted per company

Pricing Approach

Neither side publishes a price — for different reasons

Morgan Stanley does not publish Shareworks pricing anywhere on its public product pages. Every private-company page ends in the same call to action — “Let’s Start the Conversation” — and routes to a contact form. EntityEngine does not publish a public rate card either; pricing is assembled from the engines and scale blocks an organization actually turns on.

EntityEnginePackage Builder

EntityEngine assembles a package from the engines an organization needs. There is no public rate card today; the Package Builder produces a quote.

Choose engines: governance and meetings, compliance, formation, documents, and AI
Scale with user, entity, and board-seat blocks; e-signature is a paid add-on
Each plan covers one entity — additional entities are separate plans
Built for board members, operators, counsel, accountants, and owners
Honest caveat: there is no cap table or 409A in the package today — the equity engine is in private beta

Configure your package →

ShareworksContact Morgan Stanley at Work

Morgan Stanley publishes no price, no plan tiers, and no self-serve signup for Shareworks. The public pages present the capability set and invite you to “Connect with us to learn more about how Morgan Stanley at Work may be able to help your business.”

No published rate card, plan list, or starting price on any Shareworks or Morgan Stanley at Work page we reviewed
Engagement routes to a request-a-quote page; the site also points to “platform editions” for startups, small businesses, and enterprises without listing their prices
409A valuations and liquidity programs are presented as services with their own engagement, alongside the platform
Sold as part of Morgan Stanley at Work, whose services are provided by Morgan Stanley Smith Barney LLC, member SIPC
Best fit when equity administration is the primary purchase and an enterprise procurement cycle is acceptable

See how Shareworks prices →

Shareworks is priced around the equity program and sold through Morgan Stanley at Work. EntityEngine is priced around governance, compliance, formation, documents, and AI, metered by engines and seats. If you need both, budget for both — they are not substitutes for each other.

In depth

Shareworks vs EntityEngine: a deeper look

Shareworks is the right answer when equity compensation is the job

If the question is how to run an equity plan — issue and track grants, keep the cap table current, forecast expense, report it accurately, and get participants paid — Shareworks answers it inside one platform, and Morgan Stanley at Work wraps services around it. The public pages describe an intuitive administrator platform with custom global plans, robust reporting including a sandbox for modeling and forecasting, real-time HRIS data sharing via API, audit-ready reporting for 409A valuations and Section 16 filings, and collaboration designed for teams working from a single source of truth.

Morgan Stanley reports roughly 40% of S&P 500 companies represented, 3,400+ combined public and private stock plan clients globally, and 6.6 million+ stock plan participants served (figures as of 2024).
Cap table work is built for the private-company lifecycle: drag-and-drop reporting, a master cap table workbook, and modeling for new financing rounds, management carve-outs, and exits.
Liquidity is a first-class capability, not an afterthought — controlled secondary approvals, company-led events including dividend payouts, distributions, terminated-employee repurchases, and M&A, run from sale to settlement.
The 409A practice is in-house, framed around safe-harbor requirements and audit-ready deliverables, with 260+ client IPOs cited over five years.

What sits outside an equity platform by design

Ownership is one of several records a company has to keep current. The others — the entity itself, the board’s decisions, the state’s filing calendar, the documents everyone signed — are not equity administration problems, and Morgan Stanley’s published scope does not present them as Shareworks problems either.

The published private-company solution set is cap table management, 409A valuations, liquidity events, equity plan administration, financial reporting, and global intelligence. Formation, registered agent service, state annual reports, business licenses, and beneficial-ownership obligations are not in it.
Board coverage on the pages we reviewed is equity-adjacent: approvals inside equity and secondary workflows. Agendas, packets, minutes, and committee structure sit elsewhere.
Formation and entity records precede the equity plan and typically outlive any single equity platform, which is why they tend to end up in a separate system or in counsel’s files.

What EntityEngine covers today, and what it does not

EntityEngine is the entity and governance record: board directory and committees with per-committee quorum, meetings with built-in video, packets, minutes, resolutions and voting, decision records with lifecycle locking and audit history, a document vault, e-signature as a paid add-on, a compliance calendar with deadline notifications, and Slack notifications.

Entity formation is purchasable today for Delaware and Florida LLCs; other states and entity types are not yet chargeable.
The equity engine, including the 409A workspace, is in private beta and is not enabled for production accounts — EntityEngine is not an equity administration substitute today.
EntityEngine holds no SOC 2 or ISO 27001 certification. Our security program is designed for SOC 2 readiness, which is not the same thing as an audited report or a certificate.
Good standing and license intelligence are in beta, and good standing is derived from the obligations you track with us rather than scraped from Secretary of State records.

FAQ

Shareworks vs EntityEngine: FAQ

When is Shareworks the better choice?

Whenever equity compensation is the actual problem. Plan administration, grants and vesting, participant experience, forecasting, financial reporting, Section 16 filings, 409A valuations, and liquidity events are what Shareworks is built for, and EntityEngine does none of that today — our equity engine is still in private beta. Public companies, global plans, and teams heading toward a tender offer or an IPO are squarely in Morgan Stanley at Work’s territory.

Is EntityEngine a replacement for Shareworks?

Not today. EntityEngine covers the entity, board, document, and compliance records around ownership; the equity engine is in private beta and is not enabled for production accounts. Teams that use both keep equity administration in Shareworks and run governance and corporate compliance in EntityEngine.

Can I migrate my cap table from Shareworks to EntityEngine?

Not at the moment. Because the equity engine is in private beta, there is no production cap table migration path, and moving an equity program that includes participant accounts and liquidity history is a decision to make with counsel and your provider rather than a CSV import. If you want to join the beta when it opens, tell us during onboarding.

Does EntityEngine offer 409A valuations?

No. EntityEngine does not perform or broker 409A valuations. Morgan Stanley at Work runs an in-house 409A practice framed around safe-harbor requirements and audit-ready deliverables. If you need a 409A, get it from Shareworks or another valuation provider.

How does EntityEngine pricing compare to Shareworks?

Neither of us publishes a rate card. Morgan Stanley publishes no price, tiers, or starting rate for Shareworks on its public pages — every one of them routes to a contact form. EntityEngine pricing is assembled from the engines, users, entities, and board seats you turn on, and each plan covers one entity. The practical difference is the buying motion: Shareworks is sales-assisted, EntityEngine has self-serve signup.

Does Shareworks handle board meetings, packets, and minutes?

Not as a published capability. The Shareworks and Morgan Stanley at Work pages describe equity plan administration, cap table management, reporting, 409A valuations, and liquidity events, with approvals inside those workflows. Meetings, agendas, packets, committee structure, and minutes are not part of that scope. EntityEngine covers those, including meetings with built-in video and per-committee quorum.

Does EntityEngine file BOI reports or state annual reports for me?

No. EntityEngine tracks deadlines and gives you the calendar, the notifications, and the record — it does not submit filings to FinCEN or to any Secretary of State on your behalf, and EntityMax does not either. It drafts and explains; you or your counsel file.

Sources, accessed 2026-08-12

Every Shareworks price and capability on this page comes from a page we fetched and read. Where we could not verify a claim, we say so instead of asserting it.

Shareworks | Morgan Stanley at Workhttps://www.morganstanley.com/atwork/shareworksShareworks described as “an integrated equity compensation management platform designed for the unique needs of both private and public companies”; the three published capability pillars — intuitive digital platform with custom global plans and a reporting sandbox for modeling, budgeting and forecasting; customized audit-ready reporting covering 409A valuations and Section 16 filings; and secure collaboration. Also real-time data sharing via API from HRIS systems, and the absence of any published price.
Cap Table Management | Morgan Stanley at Workhttps://www.morganstanley.com/atwork/cap-table-managementCap table capabilities: drag-and-drop reporting, high-performance modeling for new financing rounds, management carve-outs and exits, the master cap table workbook report, cloud-based real-time collaboration, and certificated, uncertificated and electronic stock certificates. Also the scale figures — roughly 40% of S&P 500 companies represented, 3,400 combined public and private stock plan clients globally, and 6.6MM+ participants — with footnotes dating them to 2024 and noting they include E*TRADE Corporate Services clients.
Equity Administration for Private Companies | Morgan Stanley at Workhttps://www.morganstanley.com/atwork/equity-administration-private-companiesPrivate-company equity administration features: support for liquidity events and secondary transactions, participant financial education, cross-department collaboration on real-time data, the scenario modeling “sandbox” test site for modeling grants and comparing forecasts, and tracking tax rates and rules across jurisdictions.
409A Valuations | Morgan Stanley at Workhttps://www.morganstanley.com/atwork/409a-valuationsMorgan Stanley at Work as a 409A valuation provider: safe-harbor management, transparent audit-ready valuations, annual and material-event cadence, and the cited figures of 260+ client IPOs in the past five years, 3,100+ combined corporate clients globally, and $14B+ in liquidity transaction volume.
Liquidity Events | Morgan Stanley at Workhttps://www.morganstanley.com/atwork/liquidity-solutionsLiquidity capabilities: controlled liquidity with managed and approved secondary transactions across the shareholder base, and company-led events including dividend payouts, distributions, terminated-employee repurchases and M&A, run from sale to settlement on a single platform with an updated cap table.
Workplace Solutions for Private Companies | Morgan Stanley at Workhttps://www.morganstanley.com/atwork/workplace-solutions-for-private-companiesThe published private-company solution set — cap table management, 409A valuation services, liquidity events, equity plan administration, financial reporting, and global intelligence — and the absence of entity formation, registered agent, annual report, business license, or beneficial-ownership offerings. Also the “platform editions” framing for startups, small businesses and enterprises without listed prices.
Contact Us | Morgan Stanley at Workhttps://www.morganstanley.com/atwork/contact-usThe request-a-quote motion: “Let’s Talk — Connect with us to learn more about how Morgan Stanley at Work may be able to help your business,” the destination of the call to action on each private-company page, with no pricing shown.

See EntityEngine for yourself

Choose the governance, compliance, formation, and document engines your organization needs. Keep equity administration on Shareworks — the two records are meant to sit beside each other.

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