Chris Budd: Getting what you want when selling your business

Employee ownership trusts

clock • 2 min read

There are many considerations advisers need to make when they are preparing to sell their businesses but some are given less thought than others. Here, Chris Budd explains the benefits of employee ownership trusts, a relatively new form of business ownership that is gaining momentum

Last week, Stephen Tucker wrote an excellent article on Professional Adviser about preparing your business for sale. This included the tip to write down what you would like if you were buying another business, and then apply that criteria to your own business. I'd suggest that this idea would also be fascinating if applied to your employees. There may be one or two of your employees who have both the desire and financial backing to be able to buy the business. For the majority of employees, however, the perfect exit for them would be: Having access to future profit; No fi...

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