The Employee Ownership Trust (EOT) first saw the light of day in 2014. It is a structure which allows the employees of a company to own most (or even all) of the shares in a company.
The EOT model offers a range of benefits to the employees, the business itself and owners who are planning succession.
An EOT provides a tax-free exit for corporate business owners and can reward employees with an annual tax-free bonus. It allows a business to retain its independence, create a positive culture and attract talent.
The benefits to the business owner are numerous and include:
Friend Partnership, has many years experience in the process of EOT’s. We have helped business owners and the future trustees and employees navigate the path to a successful EOT many times.
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Company registration number: 07746831