At Camilla Advisory Group Inc., we specialize in helping business owners transition their companies to employee ownership through Employee Ownership Trusts (EOTs). An EOT is a powerful succession planning tool that allows you to sell your business to your employees, ensuring your legacy while providing financial benefits.
An Employee Ownership Trust (EOT) is a legal structure that holds shares of a business on behalf of its employees. It enables business owners to sell their company to employees at fair market value, giving them an ownership stake without requiring personal financial investment.
How an EOT works:
EOTs offer numerous benefits for business owners, employees, and the company as a whole:
EOTs are a great fit for businesses with the following characteristics:
Evaluate whether an EOT is a suitable fit for your business.
Determine the fair market value and design the EOT structure.
Work with your legal counsel to ensure compliance.
Work with your legal counsel Help employees understand the benefits of ownership. ensure compliance with ESOP regulations.
Provide continuous guidance as your business transitions to employee ownership.