What is an Employee Ownership Trust? | Understanding
Sell your business to your employees to gain generous tax benefits and safeguard the future of your business.
An EOT enables a company to become owned by its employees. A trust is set up by the existing owners for the benefit of all employees. The trust then becomes the majority owner of the business.
Employee ownership is highly beneficial for both selling shareholders and the employees themselves. Watch our video below to find out more.
Details
00:15 - Full market value for shares
00:55 - Generous tax benefits
01:30 - How does an EOT work?
02:24 - What does it mean for your business?
02:38 - Well-known employee-owned companies
02:50 - Who runs the business after?
Learn more about EOT here: https://www.shorts.uk.com/eot/what-is...
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