Go EO Ltd

• Staff get future profits
• Both get big tax savings Go EO help you transition efficiently and affordably

If you’re a business owner doing well, why would you consider it?

Common reasons founders want to sell to an EOT

• Share responsibility - pass real responsibility to senior staff
• It's not just profits that come with ownership, it's responsibility too
• Share rewards - happy to share profits with the workforce
• Staff less likely to be "downsized" in an EOT sale than a trade sale
• Stay involved - want to remain part of it? You have more scope to work in the business post EOT sale than a trade sale
• Culture retention - retain the ethics/culture/brand of the business
• No external party taking over to change things
• Tax savings - zero tax on sale proceeds, and tax free element to staff profit shares
• Can sweeten the deal for all!
• Staff up to it/up for it - concern whether senior staff have the desire or capability to run the business
• Need cash ASAP - if you need lots of money personally ASAP, then the prolonged payout from an EOT sale may not be viable
• Business not profitable - companies can be valuable without profits
• Eg typical Silicon Valley start up
• With no profit, the founder won't be paid

Common reasons against going Employee Owned

Who's behind Go EO?

Go EO is the brainchild of Chris Maslin A Chartered Accountant and Chartered Tax Adviser who transferred his firm to employee ownership in 2021

He’s teamed up with an expert solicitor and coach Together they provide a full transition service, helping small simple companies to Go Employee Owned