Listen "Exiting a Business: Employee Ownership Trusts | Strive & Thrive Episode 6"
Episode Synopsis
Many founders exiting a business grapple with preserving their legacy and ensuring the well-being of their employees. An Employee Ownership Trust (EOT) offers a compelling alternative to a traditional sale, addressing these concerns. EOTs are a form of indirect employee ownership where a trust holds the shares on the employees' behalf. This trust ensures the business's continued independence, maintain its culture, look out for employees' interests, and reward loyal employees.Join Mike Oliver, Romesh Jeyaseelanayagam, and guest speaker Chris Maslin as they explore the nuances of EOTs - who it is for, how it can benefit entrepreneurs, employees, and businesses, and how to build one effectively.------------ Strive & Thrive is a series of live discussions with the aim of enabling and empowering entrepreneurs in building businesses that achieve success – whether it be in people, planet, and profit – or all three. Join founders Mike, Romesh, and their amazing guests, as they discuss the mindsets, skills and knowledge entrepreneurs need to Strive & Thrive in an ever-changing world.
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