An increasing number of owners are selling their businesses to their employees via an Employee Ownership Trust (“EOT”). When structured correctly, an EOT attracts 0% Capitals Gains Tax, can achieve full commercial value and can typically be completed in a shorter time frame than a traditional third-party business sale. In this podcast, we look at what Employee Ownership Trusts are, how you can sell your company to an EOT and why you might do it.
Avondale are highly experienced EOT advisors. We can provide a turnkey, one-stop shop solution that includes a valuation of the business, creation of the most suitable structure, assisting with third-party finance (if required), legal documentation, provision of independent trustees and transitional advice and support to ensure minimal disruption. Please contact us on av@avondale.co.uk or call +44(0)20 7788 8250 to discuss if an EOT sale might be the best option for your business.