Selling to Employees: An Introduction to Employee Ownership Trusts in the UK
Understanding Employee Ownership TrustsEmployee Ownership Trusts (EOTs) have become a popular vehicle for business succession planning in the UK, offering a unique alternative to conventional trade sales or management buyouts. Established under the Finance Act 2014, EOTs are legally structured trusts designed to hold a controlling interest—typically more than 50%—in a trading company on behalf…