Employee Ownership Trust – 10 key Facts About EOTs
A growing form of private company ownership is the employee ownership trust. 10 facts to help answer your questions about this business model.
A growing form of private company ownership is the employee ownership trust. 10 facts to help answer your questions about this business model.
At the beginning of this year we predicted that employee ownership (where a majority or substantial part of a business is owned by all its employees) would become part of the mainstream. It has certainly been an eventful year. What’s happened and were we right?
We are pleased to announce the publication of The Employee Ownership Manual, a practical guide and reference book which explains in a comprehensive but approachable manner all the key legal, tax and practical issues that arise for a company becoming owned by its employees.
The number of companies moving to employee ownership is growing quickly, as is the number of advisers with knowledge in this area. Many company owners are taking this path as a route to ownership succession. Why are they doing it and what’s involved?
Later this year we plan to release learning material which will help both companies and advisers who feel they are on the nursery slopes, but meantime have the following core suggestions for advisers and/or the companies they are helping.
After 40 years of award winning content Aardman Animation (the creators of Wallace and Gromit,) has recently become employee owned, with the founders transferring the majority of their shares to an Employee Trust