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.