We act for business owners, trustees and management teams on the structuring, establishment and implementation of EOTs.
EOTs provide a tax-efficient and employee-aligned alternative to traditional MBOs, trade sales, listings and assets sales and enable owners to sell their business to a trust that holds the company for the long-term benefit of its employees. Our experience of EOTs mean that we have understand the unique requirements and dynamics of selling to an EOT, including maintaining operational continuity and establishing effective trust governance.
We can assist with:
Setting up the company to act as the trustee of the EOT
Preparing the trust deed between the company and the EOT trustee, detailing the terms on which the company’s shares will be held for the benefit of the employees
Preparing the constitutional documents of both the company and the EOT trustee
Drafting and advising on the share purchase agreement relating to the sale of the shares to the EOT trustee
Advising on any documents or structures relating to the funding of the transaction.
If you’re an owner exploring exit options or an advisor supporting a client’s transition, we’d be happy to provide our support and practical guidance to assist with discussing the benefits of implementing an EOT structure.
This includes taking instructions, preparing and issuing letter by 1st Class post.
The debtor will be advised to send any payments and communication to you directly.
Should you require us to enter into discussion or correspond with the debtor this would be carried out at a standard additional fixed fee of £30.00+VAT per item.
A fee of £10.00+VAT is chargeable for transferring each debtor payment received by us to you.
Stage 2 – Issue of Claim
*Both the Court fee and part of Bermans fee (as shown in brackets) are recoverable if successful
Should the debtor file a defence then this will be referred to one of our lawyers who will advise you accordingly. Any work carried out at this point will be chargeable at an hourly rate, as detailed later in this document.
Stage 3 – Obtain Judgment
*Part of Bermans fee (as shown in brackets) is recoverable if successful
The £ value range given above is dependent on the type of Judgment being requested:
In default of Acknowledgement of Service
In default of Defence
On Admission and acceptance of offer
On Admission and rejection of offer
Stage 4 – Enforcement
Writ of Control (enforcement via HCEO)
*Both the Court fee and part of Bermans fee (as shown in brackets) are recoverable if successful
Should enforcement be unsuccessful the HCEO will charge an abortive fee of £75.00+VAT.
Costings for other forms of Enforcement are available on request (as below):
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