Employee Ownership Explained
In this five-part series, Carole Leslie, specialist adviser at Scottish Enterprise, gives practical advice on how to set up an employee-owned business.
Why Consider Employee Ownership?
Carole highlights the positive aspects of employee ownership.
How to Fund Employee Ownership
How can employees find the money to buy the company? Practical advice on how to funding.
Three Types of Employee Ownership
“There is no one size fits all when it comes to employee ownership,” explains Carole.
Benefits of Employee Ownership
What makes employee-owned businesses different? Carole shares some handy insights.
Employee Ownership Day: Webinar
In June 2016, Gavin Stewart sold 80% of his successful business, Black Light Ltd, to the company’s employees. Gavin talks through how employee ownership works with Ian Forsyth and Carole Leslie.
Employee Buyout: Succession Planning
An employee buyout had many advantages as the owner controls the process and employees don’t have to come up with cash personally. Despite this, it can often be overlooked when owners are considering stepping down.
Family Business Ownership Transfer: Succession Planning
Family businesses face an added layer of complexity when it comes to the time to transfer owners.
Role of Board
When the company is owner-managed i.e. the directors and the shareholders are the same people, then these individuals have total control. When the employees own the company, a more formal structure is appropriate. This explains in greater detail.
Trusts and Trustees
This document will set out the purpose of the trust, how the trustees are appointed, what their powers are and it also will say who the beneficiaries are, or, in the case of a discretionary trust, leave the selection of beneficiaries to the trustees.
Share Incentive Plans
Share Incentive Plans (SIP) are HMRC approved ‘all employee’ share schemes that aim to provide benefits to employees by way of shares to give them a continuing stake in the company they work for. Download our Share Incentive Plans document.