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Planning for Employee Ownership Trusts 5 Top Tips

07 November 2022

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. Under an EOT, the shares are sold to the trustee in order for them to be permanently held for the benefit of the employees of a company or group of companies. Crucially, the EOT must benefit all employees on equal terms based on certain criteria. The criteria include hours worked, length of service and level of remuneration.

Follow our top tips for shareholders looking to sell to an EOT.

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More publications from Clarkslegal

found-the-perfect-restaurant-venue-publication

Found the perfect restaurant venue? Watch out for hidden costs

21 January 2020

The Restaurant Consultant’s step-by-step guide to what you should do if you find the perfect restaurant venue and what hidden costs to watch out for.

from-food-van-to_restaurant-publication

From food van to restaurant – A guide for food entrepreneurs

06 January 2020

Entrepreneurs in the FMCG, food and drink and grocery retail are boosting the market with food start ups. A move to bricks & mortars premises require key considerations for property issues.

 

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