The trust buys the business from its existing owners and gives employees ownership shares over time. By taking this route, company founders can create a financial exit for themselves while ...

For law firms, the way to achieve this is through an employee ownership trust (EOT). This is a vehicle for indirect employee ownership using contributions from the business, rather than requiring ...

is an employee benefit plan that gives workers ownership interest in the company in the form of shares of stock. An ESOP is usually a trust fund set up by an employer that owns shares in the ...

Introduced by the UK government in 2014 to promote employee ownership, EOTs are a specific type of Employee Benefit Trust that acquires shares in a company and holds them on behalf of the employees.