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Corporate and M&A

Employee Ownership Trusts

 

The Employee Ownership Trust (EOT) is a special form of employee benefit trust introduced in September 2014 as an alternative method to sell a business. It is an indirect form of employee ownership in which a trust holds a controlling stake in a company on behalf of all its employees and provides an incentive for owners to sell a controlling stake in their business.  

As well as MBO’s, our corporate lawyers are experienced in leading people through the sale process to employees through Employee Ownership Trusts.  We are experienced in setting up the trust, establishing the trust company, share purchase agreement, including structuring the deferred consideration documentation.

Clarkslegal is a proud member of the Employee Ownership Association.

 

“Very professional, knowledgeable and accessible lawyers.” 

Chambers and Partners

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Read, listen and watch our latest insights

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  • 14 November 2023
  • Corporate and M&A

A Brief Reminder of the Separate Legal Personality of Companies, Limited Liability and Derivative Claims

It is long-established under English law that private companies limited by shares have separate legal personality to their shareholders and directors.

art
  • 08 October 2023
  • Corporate and M&A

When do Company Directors have to consider creditors?

Due to the economic challenges the UK is currently facing, it is especially important for company directors to consider and uphold the directors duties imposed on them by the law.

art
  • 11 September 2023
  • Corporate and M&A

Changes to the tax treatment of Employee Ownership Trusts

The government published a consultation on 18 July 2023 seeking the public’s views on its proposals to reform the tax treatment of Employee Ownership Trusts and Employee Benefit Trusts. Parties are invited to express their opinions via email via the government website until the consultation closes on 25 September 2023.

Pub
  • 28 April 2023
  • Employee Ownership Trust

Employee Ownership Trusts – Thames Valley Roadshow Prelude

This podcast is a prelude to the Employee Ownership Trusts (EOTs) Roadshow, which Clarkslegal is hosting at Thames Tower in Reading on 17 May in collaboration with K3 Tax Advisory, Quantuma, Shawbrook Bank and J Gadd Associates. 

Pub
  • 07 March 2023
  • Employee Ownership Trust

Planning for Employee Ownership Trusts 5 Top Tips

An Employee Ownership Trust (“EOT”) is a legal arrangement through which a trustee holds a controlling stake in a company for and on behalf of the employees of a company.

Pub
  • 01 January 2023
  • Corporate and M&A

Reading Coffee Morning for Business Owners – Exiting Your Business

Join Clarkslegal for a coffee and a chat at our Reading office, to discuss exiting your business whether it’s a sale of your business, management buy-out or through the increasingly popular route of Employee Ownership. 

“We are very pleased with the support and advice received from on the recent acquisition by BMW Group UK.  With clear, concise and timely advice and management, Ashan and his team helped us navigate through some complex arrangements and seamlessly bridged the gap between the legal and commercial issues”

Amit Kotecha, Senior Legal Counsel – BMW Legal Affairs UK & Ireland 

Ashan Arif is central to our working relationship – we have a high degree of trust and confidence in his work. He was interested in our business from the outset, clear about the firm’s capability and focus, and has provided high-value and cost-effective support.

Legal 500

“I had an excellent experience working with Stuart Mullins. He was thoughtful, pragmatic, and extremely efficient. Thank you very much for all your hard work to get the deal across the line.”

Jerry Izard, Director, Independent Optics Ltd

“Stuart and the rest of the team provided expert support during a recent corporate restructuring. We were calmly guided through the complex legal process, and realised significant additional benefits directly related to the advice provided.”

Stefan Zabel, Director, Wood Designer Ltd

“Stuart Mullins was great at understanding what my needs were and responded in a timely manner every time. It was great to talk to someone who understood our situation and moved my transaction to completion efficiently and diligently. I really appreciated the extent to which Stuart explained everything to me regarding the transaction agreement, which gave me so much confidence when speaking to the purchaser”.

Jan Tupper, Proprietor, Arniss Equestrian Ltd

“I was impressed with the speed, turnaround and frequency of communication in my dealings with Stuart Mullins, in concluding my share purchase.”

Nigel Keene, Managing Director, Whiteknights Estate Agents