Date: 6th June 2019
Time: 13:00 - 14:30
100 Queen Street
CPD Hours: 1hourLaw Society of Scotland, Institute of Chartered Accountants Scotland and Co-operative Development Scotland will be hosting a roadshow entitled ‘Selling a business to an Employee Ownership Trust’. Join us at our Glasgow event on 6 June.
Law Society of Scotland, Institute of Chartered Accountants Scotland and Co-operative Development Scotland will be hosting a roadshow across the country in May and June 2019 entitled ‘Selling a business to an Employee Ownership Trust’.
There has never been a better time for companies to move to an employee ownership structure. Since September 2014, shareholders have been able to sell a controlling interest in their company to an Employee Ownership Trust (EOT) for full market value without incurring any capital gains tax liabilities.
The EOT creates an immediate purchaser for a trading company of any size operating in any sector. The EOT will then hold those shares in the company for and behalf of the company’s employees. There are substantial non-tax benefits associated with being owned by an EOT. One of the most important, is the fact that employees have a stake in their company and the greater employee engagement and commitment that results from this. In addition, companies can make tax-free payments to their employees.
All solicitors, trainees and paralegals are welcome to attend. Please book your place through this Eventbrite Link including any dietary or access requirements.