In addition it lets staff benefit from strong company performance in the form of tax-efficient bonuses.
Employee ownership is also a suitable option for not-for-profit organisations or social businesses – we can talk you through the benefits for all sides.
Download this useful resource:
Employee Ownership Trusts or Vendor Initiated Management Buy Out
Buzzacott are members of the Employee Ownership Association (EOA) which represents organisations that are employee owned or transitioning to employee ownership across the UK. You can rely on us for objective advice as to whether employee ownership is the right thing for your business.