What do we do?
We will provide all of the necessary support to complete the EOT transition, while providing knowledge and expertise related to challenges and opportunities encountered by employee-owned businesses.
The support from us will comply with Capital Gains Tax rules and income Tax rules relating to EOTs.
Core Support
The following identifies the critical parts of an EOT project which are essential to complete the project successfully.
The core legal documents which need to be prepared in consultation with you are as follows:
• Employee Ownership Trust deed. This is the trust document which is at the heart of an EOT.
• Share Purchase Agreement. The SPA is the document which sets out the commercial terms for the sale of the shares from the existing shareholders to the EOT.
• Founder Shareholder Agreement. This is an operational agreement which has a number of practical controls on the company.
• New company Articles. As an employee-owned company, it is necessary to up date the company’s articles to reflect its new structure.
• Trustee Company Articles. The trustees of the EOT will be appointed as directors of a newly formed trust company.
• Profit Sharing Policy. Adopted by the company to determine how the profits should be shared.
Written Project Reports
A number of reports will be provided to you as part of the project:
• Project Review document. This will define the desired end goals.
• Final Report. This will provide a guide to all of the core documents as finalised.
• Completion Bundle. All of the final documents will be bundled into a single pdf document.
Note that the legal support is delivered through Spencer West LLP an SRA regulated law firm of which Christian Wilson is a partner.