Employee Ownership Trusts (EOTs) provide an attractive new exit route for retiring entrepreneurs. William Franklin of the share scheme specialists PettFranklin explains how they actually work and how they differ from MBOs.
William Franklin is an experienced share schemes practitioner and a Chartered Accountant who is widely recognised as a leading adviser on the valuation, accounting and financial aspects of all forms of remuneration, incentive and employee share schemes.
He is a member of the HMRC Employment-Related Securities & Valuations sub-group, a Board Member for the Lexis PSL Share Incentives Consulting Editorial Board and he contributes to Tolley’s Guidance on Employment Taxes and to PLC. William has been appointed as Chairman of the Worked Examples Group, a group of experts who work with HMRC to publish examples of share valuations over a wide range of employee share ownership and employee ownership arrangements. He is also an Honorary Research Fellow for the Esop Centre and a regular speaker at conferences on share schemes and employee ownership. He has a wide background in tax advice and is a member of the Chartered Institute of Taxation.