About the Webinar

Selling to an employee ownership trust (EOT) should be considered as a strong alternative to an ESOP where the cost of an ESOP is a major consideration, as well as where perpetuity of the employee ownership structure is a major goal. The presentation will also include discussion of wealth accumulation strategies in an EOT, valuation for an EOT sale, choice of EOT trustee, oversight under state trust law, the transition of an ESOP to an EOT, and examples of EOT-owned companies.

You will learn:

  • "Why" some companies choose an EOT instead of an ESOP
  • "How" companies transition to an EOT
  • "Where" you may find further guidance on EOTs
Presenter(s)

Christopher operates a boutique law firm, Christopher Michael PC, focusing on employee ownership trusts (EOT). He is responsible for developing the perpetual purpose trust as a new legal mechanism for employee ownership in the United States and has published articles introducing the concept in leading peer-reviewed law journals, including Tax Notes and Probate & Property. In addition to working with businesses to introduce an EOT, Chris also consults with existing ESOP companies on transitioning to an EOT, as well as on amending ESOP trusts to better accord with traditional principles of employee ownership.

 

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