Employee Ownership Trusts: Is This the Future of Business Exits?
What if your endgame isn’t to sell to a stranger or an institution that would change the dynamics? We’re seeing more established business owners looking at Employee Ownership Trusts (EOTs) as an alternative to a traditional sale. But what exactly is an EOT and why are they becoming so popular? Put simply, an EOT enables business owners to transfer a controlling interest to a trust for the benefit of its employees. The owners retain the running of the business in-house. – So, like an employee share scheme , but here it goes beyond monetary value its shared rights, shared ownership and, more imp…