In the appropriate circumstances, an Employee Ownership Trust is the most tax efficient way to sell your controlling share in a business. The transaction is completely tax free for the seller, with no Capital Gains Tax.
When selling your controlling stake to an EOT, you are guaranteed the full market value for your shares. This market value is based on independent assessment.
Unlike a trade sale, you also gain certainty of exit in a clearly defined time frame, meaning the whims of trade buyers cannot impact or delay the sale.
You can also exit the business with assurances that your employees are being well looked after, and that you will be leaving behind a satisfying legacy.
For exiting shareholders who do not wish to depart fully and immediately, succession can be implemented over a period, so you may retain a level of involvement and ensure the transition period is smooth.