Why are Employee Ownership Trusts (
An Employee Ownership Trust (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. Martin Dean of Shorts Chartered Accountants explains why they are becoming so popular.
Details
00:05 - Safeguarding business legacy
00:25 - Certainty of exit
00:34 - Tax benefits for the seller
Learn more about EOT here: https://www.shorts.uk.com/eot/
Music credit: Bensound.com
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