When a client consults you about possible pathways to business succession there is one solution that, for many business owners, could offer a more viable option than a third-party sale, MBO or liquidation.
That solution is Employee Ownership.
Employee Ownership is one of the fastest growing business ownership models in the UK as it’s increasingly being recognised as a superior 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. An employee owned company is totally or significantly owned by its employees and often this is achieved through an employee ownership trust (EOT).
We have assisted over 120 companies to become employee owned through an EOT since they were introduced by the Government in 2014.
Working with you
As specialist employee ownership lawyers, we have broad experience of providing support to accountants and tax specialists (and other professional advisers). We can help you, or your client directly, on any particular aspects where you would find it useful to engage an expert.