In a bold and visionary move, Text-Em-All, an 18-year old SaaS company with 42 employees, proudly announces it is now a 100% employee-owned company. Championed through an innovative perpetual trust ...
An Employee Ownership Trust (EOT) is a legal structure that holds ownership of a company for the benefit of a defined purpose, not for individual shareholders. Unlike traditional models, employees don ...
Consumer Direct Holdings, Inc. (CDH), known as Consumer Direct Care Network (CDCN), is proud to announce a transformational step in its commitment to long-term care. CDH is now partially ...
Along today's competitive talent landscape, employee ownership has emerged as a powerful tool for attracting, engaging and retaining top performers. While employee stock ownership plans (ESOPs) have ...
Arkansas-based Lexicon Inc. announced Thursday (Jan. 22) it has become an employee-owned company through the establishment of ...
Effective January 1, 2024, Canada introduced detailed rules into the Income Tax Act (Canada) to facilitate and encourage employee ownership of small and medium sized Canadian businesses through the ...
After nearly 30 years leading CodeWeavers, founder Jeremy White was ready to retire, but wanted to do so without compromising the company’s independence, values, or employee futures. Traditional ...
Following the growth of employee ownership in the UK – founders and leaders from across the country representing over 1,000 employees convened to support EOTs What became clear at the event is the ...
A Black Country-based organic health foods retailer is targeting more than £100 million in revenue after completing one of ...
In 2024, about 400 companies in the United Kingdom were sold to their workers using a structure called an Employee Ownership Trust (EOT). That represented about eight per cent of all private company ...
Editor’s note: The companion article, “What to Know When Your Client Is Considering Employee Ownership” explores how CPAs can advise clients interested in changing their company’s ownership model.
Even if an employer qualifies at the time of transition to an employee ownership trust, it is easy to fail the limited ...
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