The article discusses the growing trend of Employee Ownership Trusts (EOTs) in the UK as a means for companies to transition ownership to employees rather than external buyers. This model fosters a sophisticated, less hierarchical work environment while ensuring continuity and stability during ownership transitions. EOTs offer substantial benefits, including enhanced employee engagement, productivity, and overall job satisfaction, with studies showing improved business performance compared to traditional ownership. Additionally, there are attractive financial incentives, such as tax benefits associated with selling to an EOT, making them a viable option for entrepreneurs seeking a long-term exit strategy.
Employee Ownership Trusts (EOTs) provide a structured way for companies to transition ownership to their employees, promoting long-term growth, stability, and enhanced workplace morale.
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