TALK: Succession Planning to Preserve a Legacy

19/11/2021

Online

1:00 pm

Many business owners are kept awake at night by one question:

“How can my entrepreneur story end in a way which allows me to take my value, preserves the good I’ve built up, and looks after the employees?”

Traditional succession planning often doesn’t provide all the answers. However, a solution is available.

Employee ownership is the new and better way of preserving your legacy. It enables:

  • Passing on control without employees having to raise capital
  • The owner receiving a fair market value for the business

BUT: An employee-controlled business is not like other businesses. The transition of control needs time and careful planning to build a business that might just last forever.

In this session, we’re joined by Chris Budd who provides an overview of how the Employee Ownership Trust (EOT) works and the current position of the mergers and acquisition market for businesses.