Natalie Wright’s Post

Newly introduced employee ownership trusts (EOTs) are now providing an alternative for entrepreneurs who have no suitable family to sell to or who fear that a third party may not preserve the firm's legacy. EOTs allow employees to buy a business over time, making it a great fit for their exit strategy. If you're a business owner, familiarize yourself with this new option that may prove to be a game-changer for your business. Read more about EOTs here: https://lnkd.in/gdWyqNx9

Business owners – Are you considering an exit strategy for your business? Employee Ownership Trusts (EOTs) are gaining momentum in Canada as a game-changer for business owners. EOTs allow you to sell your company to your employees, ensuring continuity, community prosperity, and local ownership. I really like this concept because it shares the future wealth of the business with hardworking employees 🤑 , rather than a private equity firm from the US. There have also been some interesting tax changes related to EOTs in the latest budget. One of the most beneficial changes is this: The federal government has made the first $10 million of capital gains on a company sale tax-exempt. This can result in savings of around $3.5 million and could mean a full exemption for many smaller companies. For business owners considering their exit strategy, this is definitely something to keep in mind. #smallbusiness #groupbenefits https://lnkd.in/gXvwQ5qe

Understanding Business Structures: Choosing the Right Foundation for Success Selecting the appropriate business structure is a critical step in establishing a successful enterprise. Here’s a quick overview of the most common business structures and their benefits: 1. Sole Proprietorship:   - Simple and Affordable: Easy to set up with minimal regulatory requirements.   - Full Control: You make all the decisions and keep all the profits.   - Unlimited Liability: Personal assets are at risk in case of business debts. 2. Partnership:   - Collaborative Effort: Two or more people share ownership and responsibilities.   - Combined Resources and Skills: Partners bring diverse skills and financial resources.   - Shared Profits and Risks: Profits and liabilities are distributed among partners. 3. Limited Liability Company (LLC):   - Flexibility: Combines the benefits of a corporation and a partnership.   - Limited Liability: Owners are protected from personal liability for business debts.   - Tax Advantages: Profits can be taxed as personal income, avoiding corporate taxes. 4. Corporation:   - Separate Legal Entity: The business is distinct from its owners, offering strong liability protection.   - Unlimited Lifespan: The company continues to exist even if ownership changes.   - Potential for Growth: Easier to raise capital through the sale of stock. 5. S Corporation:   - Tax Benefits: Income is taxed only at the shareholder level, avoiding double taxation.   - Limited Liability: Owners are protected from personal liability for business debts.   - Ownership Restrictions: Limited to 100 shareholders, all of whom must be U.S. citizens or residents. 6. Nonprofit Organization:   - Mission-Driven: Operates for charitable, educational, or social purposes rather than profit.   - Tax Exemptions: Qualifies for federal and state tax exemptions.   - Funding Opportunities: Eligible for grants and donations that are not available to for-profit entities. Choosing the right business structure involves considering various factors, including liability, taxation, and management flexibility. It’s important to assess your business goals and consult with legal and financial advisors to make the best decision. Let's build a strong foundation for our ventures by understanding and selecting the right business structures! #BusinessStructures #Entrepreneurship #StartupAdvice #BusinessGrowth #LegalStructure #TaxPlanning #SmallBusiness

Employee Ownership Trusts are up by 27% in a year! The number of UK businesses transitioning to Employee Ownership Trusts (EOTs) has grown significantly, with 542 new EOTs established last year—a 27% increase. Research from Lubbock Fine reveals that EOTs have surged by 2,750% over the past five years, as entrepreneurs increasingly opt for this tax-efficient exit strategy. By using EOTs, business owners can avoid capital gains and inheritance tax, while employees benefit from potential tax-free annual bonuses. For more details on Employee Ownership Trusts and how they can benefit your business, visit our website and get in touch with us here > https://lnkd.in/eqzq7hD5 #Brighton #EmployeeOwnershipTrust #EOTs 

Could you benefit from an EOT? Employee Ownership Trusts (EOTs) have grown massively in recent times. This is partly due to the considerable tax benefits for a selling shareholder, but also because of the long-term advantages for the business subject to the sale. In this article, Robin Hastings summarises EOT structures and highlights some of its key advantages – for both the selling shareholders and the company being sold. https://lnkd.in/eXXrhJ7C #EOT #employeeownershiptrust 

Learn about the complexities of profit sharing in an LLC, including other inquiries regarding profit distribution and allocation. Gain valuable insights here: https://lnkd.in/erKRQzgz? #business #LLC #profitallocation

Learn about the complexities of profit sharing in an LLC and get answers to common questions about profit allocation and distribution from our team of experts. Gain valuable insights here: https://lnkd.in/eJXRFsVZ? #business #LLC #profitallocation

Beyond Compliance: How Family Offices Can Enhance Tax Outcomes #Markets #Economy #investing #money #bankingindustry #productivity #bestadvice #businessintelligence #Innovation #Management #Technology #Entrepreneurship #Startups #VentureCapital #Economics #strategy #business #artificialintelligence #socialentrepreneurs #Familyoffice #Familybusiness #FamilyOffices #FamilyOfficeList #TechThatConnects #FamilyOffice #TopFamilyOffices #investor #founder #centimillionaire #CEO #entrepreneur #finance #venturecapital #futur #entreprenuers #DirectInvesting #Alternatives #Billionaires #privateequity #angelinvesting

Learn about the complexities of profit sharing in an LLC and get answers to common questions on profit distribution. Gain valuable insights here: https://lnkd.in/edQzUvew? #business #LLC #profitallocation

Learn about the complexities of profit sharing in an LLC and get answers to your questions on profit allocation and distribution. Gain valuable insights here: https://lnkd.in/gManfZ7M? #business #LLC #profitallocation