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Succession Options
There are several options open to business owners considering an exit:
Click above for more info
EOT Explanation
The Employee Ownership Trust is a shareholding vehicle designed specifically for employee-owned companies. The Trust holds the shares on behalf of the beneficiaries; the employees. Trustees are appointed to look after the Trust, ensuring that the beneficiaries’ interests are looked after. These interests are often defined within the Trust instructing any future leadership to priorities commercial success, good employment and ethical working practices.
Process
The company is valued
The Trust is set up
The Trust buys the shares from the sellers
The transaction is funded by company cash, future profits and sometimes
external lending
The sellers retain certain privileges until they are fully paid
The Trust has overall control of the company
The Company’s Board of Directors run the company.