Creating Wider Employee Engagement with Employee Ownership Trusts
Have you ever heard about Employee Ownership Trusts as a method of selling a business or creating wider employee engagement?
As all employees get an indirect stake in the company there are also substantial practice benefits associated in being owned by an EOT; improved business performance, reduced absenteeism and a drive for innovation are just some of the benefits recorded. It should also be possible for selling shareholders to claim a full capital gains tax exemption on the disposal of their shares.
If you own a trading company, you can sell some, or all, of your shares to an employee ownership trust (EOT) (subject to satisfying certain conditions) for full market value in a way which also benefits employees. This isn’t just limited to traditional companies either, Limited Liability Partnerships and companies that are part of a bigger group can also adopt an EOT.
BDO has organised this members’ event to provide a full insight into EOTs and setting up this corporate structure for both you and/or your clients.
We will include the key qualifying criteria information, the benefits of selling to an EOT as well as the advantages/disadvantages for the shareholders, the business and the employees.
About the Speakers:
Matthew is a Partner specialising in advising clients on the establishment and operation of cash and share-based incentives plans, their taxation and the effects of corporate actions, including takeovers, IPO’s, schemes of arrangement and demergers, on such arrangements. Matthew specialises in advising employee-owned businesses and their shareholders on a sale to an Employee Ownership Trust.
Ian is the Head of BDO’s Tax practice in the North West and has over 20 years’ experience in advising clients from both a corporate and personal tax perspective. Ian acts for a number of large locally based family owned businesses and therefore is used to dealing with the interaction of business, family and employee-owned businesses. Ian has recent practical experience in advising employee-owned businesses and the sale to an Employee Ownership Trust.
Interested In The Event?
If you’re interested in attending, you can book online here.
For any further enquires about this event, contact [email protected]
