This is a guest blog written by Robert Postlethwaite Founder and Managing Director, for LegalEdge, a business partner of Postlethwaite Solicitors. It first appeared on their website….
14/12/2023
This article first appeared in the quarterly magazine, Managing for Success, produced by The Law Society. The article titled ‘Working it’ talks about the employee ownership model and its continued rise in popularity and how law firms are adopting it. Journalist Diana Bentley interviewed Robert Postlethwaite for comment….
Every business has to compete to attract the best people, and then to ensure that their valued new hires aren’t lured away by a more attractive employer. Although employee-owned companies aren’t immune from these challenges, they will often have characteristics that make them easier to overcome.
23/11/2023
In July of this year the Government launched a consultation to ‘seek views on proposals for targeted reform to the Employee Ownership Trust (EOTs) and Employee Benefit Trust (EBTs) tax regimes to ensure that the regimes remain focused effectively on the policy objectives of encouraging employee engagement’. The consultation closed on Monday 25th September and our response to the questions outlined are summarised here…
27/09/2023
Employee ownership is one of the fastest growing business ownership models in the UK. It is increasingly being recognised as an attractive option for business owners seeking the best way to realise the value they have created in the business (with tax reliefs) and ensure continued long-term growth.
06/09/2023
Are you currently exploring your succession options and trying to work out which one best suits you and your company? If an EOT is one of the routes you are considering, here are 5 questions we often ask business owners at the initial stages of an enquiry and that you should have a think about first.
09/08/2023
The Government has published a consultation on the future of employee-ownership trusts (EOTs) and employee benefit trusts (EBTs). Read on to find out the detail of what the consultation will cover…
27/07/2023
We’ve recently put together a practical guide to Employee Ownership Trusts (EOTs) for accountants. EOTs now represent 1 in 20 business sales in the UK, a 37% increase over the last year. We therefore think that all accountants with clients considering succession will want to know about them!
24/07/2023
As sponsors of this year’s EODay all about #theEOeffect on people, business and the wider economy, celebrating 20 years of EO work for our clients and becoming 100% EO ourselves in March this year, this EODay feels particularly special to us… find out more.
26/06/2023
Of the approximately 9,500 solicitors firms in the UK, an estimated 20 are now employee-owned, in most cases through an employee ownership trust (EOT). A tiny percentage, yes, but one which I believe is set to grow over the coming years as practices grapple with multiple challenges which for many will make the traditional partnership model no longer fit for purpose.
21/06/2023
