Go Employee Owned
Love your business? Set it free!
Full EOT transfer support (finance & legal) from £6,990+VAT
Employee Ownership Trusts (EOTs) are gaining popularity. What's not to like?!
- Founders get fair market value sale
- Staff get future profits
- Both get big tax savings
Go EO help you transition efficiently and affordably.
If you’re a business owner doing well, why would you consider it?
Common reasons founders want to sell to an EOT
- Share responsibility - pass real responsibility to senior staff. It's not just profits that come with ownership, it's responsibility too.
- Share rewards - happy to share profits with the workforce. Staff less likely to be "downsized" in an EOT sale than a trade sale.
- Stay involved - want to remain part of it? You have more scope to work in the business post EOT sale than a trade sale.
- Culture retention - retain the ethics/culture/brand of the business. No external party taking over to change things.
- Tax savings - zero tax on sale proceeds, and tax free element to staff profit shares. Can sweeten the deal for all!
- Staff up to it/up for it - concern whether senior staff have the desire or capability to run the business.
- Need cash ASAP - if you need lots of money personally ASAP, then the prolonged payout from an EOT sale may not be viable.
- Business not profitable - companies can be valuable without profits. Eg typical Silicon Valley start up. With no profit, the founder won't be paid.
Common reasons against going Employee Owned
Who's behind Go EO?
Go EO is the brainchild of Chris Maslin. An accountant and tax adviser who sold “his” firm to an EOT in 2021.
He’s teamed up with a solicitor and coach. Together they provide a full transition service, helping companies Go Employee Owned.