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Blog
Explore the transformative potential of Employee Ownership Trusts (EOTs) for family businesses. EOTs offer a unique and beneficial strategy for family business owners planning their exit, ensuring the continuity and prosperity of the family legacy and culture, while also increasing employee engagement and retention.
B-Corporations (B-Corps) are increasingly embracing Employee Ownership Trusts (EOTs) as a means to enrich their commitment to environmental stewardship, community development, and employee empowerment. This article delves into the integration of EOTs within the B-Corp structure, highlighting the relationship between employee ownership and the core values of social and environmental responsibility.
In a bold and visionary move, Text-Em-All, an 18-year old SaaS company with 43 employees, proudly announces it is now a 100% employee-owned company. Championed through an innovative perpetual trust model in collaboration with Common Trust, this transformation heralds a new era in employee ownership and succession planning and will aid the business in its goal of being a 100-year company.
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 model in collaboration with Common Trust, this transformation heralds a new era in employee ownership and succession planning and will aid the business in its goal of being a 100-year company.
There’s nothing like having skin in the game to keep you focused, motivated, and engaged. Just ask any business owner.
As business owners, planning our exit requires more than just a strategy for ourselves. It's essential to consider how our departure impacts employees.
Clegg Auto is the first EOT in Utah – a transformation that stands as a testament to the "ownership flywheel" effect, where employee empowerment drives performance.
