Can family-owned businesses transition to an Employee Ownership Trust?
Yes. Many family-owned businesses choose an Employee Ownership Trust as an alternative to selling to an outside buyer or passing the business to the next generation (Rost, Inc. is a great example). An EOT can preserve the company's culture, independence, and legacy while creating a transition that benefits employees. As with any ownership transition, the right fit depends on the company's financial profile, leadership team, and ownership goals.