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Employee ownership covers the transfer or retention of a business in which the employees hold a controlling or significant share, commonly via an Employee Ownership Trust. A solicitor advises on setting up or restructuring a company to be employee-owned, drafts the share schemes and trust deeds, negotiates terms with shareholders, and handles registrations with Companies House and HM Revenue & Customs. The work can involve tax considerations, governance provisions, and ongoing compliance for the trust and employer.
The solicitor handles the design of the ownership structure, the drafting of trust and articles, and interaction with Companies House, HMRC, and the Employees Ownership Trust framework. They navigate governance, reporting, and ongoing compliance for the trust and the company, including any tax reliefs and regulatory obligations that apply to employee-owned businesses.
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