Planning your exit? There are many benefits to Employee Ownership Trusts:
- EOT’s enable you as a business owner to exit your companies and also receive the proceeds of the sale, at market value, tax-free, with no upper limit to the sale price.
- It’s a great legacy for your company, with the employees you select becoming ‘shareholders’ to the company, meaning after the sale, your business will become employee-owned.
- You can still retain shares in the company if you so wish, however, the Trust must acquire a majority share.
- EOT’s give you the opportunity to realise the true value of your business.
- Once the sale has been completed, the employees have a tax free bonus option.
- EOT is a government created and promoted initiative.
Have any questions?
Get in touch with our friendly & professional team today to discuss your options, the benefits to your company and any concerns you may have. HSR are here to advise every step of the way.
Client Case Study
Selling a company after 38 years
and why we chose HSR Law.
Client Case Study
The share-sale of a company
to an American buyer.
Have you ever wanted to just ask a lawyer if they can help you, without worrying about what it may cost to contact them? If so, call HSR Law Solicitors and together we can work out what your next steps might be… in confidence, at no cost and with no obligation. Complete our simple form with your name and contact number and we will call you back to discuss how we can help.
Alternatively, contact Andrew, Jonathan, Clair, Kingsley or Sharnika: our Corporate and Commercial Law specialists.
Your Employee Ownership Trusts Team
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HSR Law Solicitors receive a wonderful case study review from a client that instructed us to assist with the share sale of his company to an American buyer.