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Founders out, Employees in

ESOP

Founders out, Employees in

By , January 22, 2015
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The increase in employees share schemes is a reflection that human capital is becoming more important than physical assets. In addition to this, ESOPs are becoming an increasingly more popular way to exit a business. Businesses use employee share schemes not only as an employee engagement strategy but also as a succession strategy – selling all their equity to the scheme over a period of time. Businesses owned by their employees reap the benefits of employee engagement, with said firms achieving exemplary degrees of corporate social responsibility and a strong commitment to sustainability.

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Craig West

Craig West

Managing Director | Succession Plus

Craig West is a strategic accountant who has over 20 years’ experience advising business owners. His background as a CPA in public practice, provided invaluable experience in the key issues of concern to business owners. Following 6 years of study to gain two masters degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of tax issues. This experience formed a very strong view that business owners (and often their advisers) were unprepared and unaware of the steps required to prepare a business for exit.

Craig now acts as a strategic mentor for mid-market business owners and has written four critically acclaimed books on employee incentives, succession planning, asset protection and exit strategies. Craig has conducted numerous seminars and keynote presentations throughout Australia & internationally, including adviser education programs for the Institute of Chartered Accountants and CPA Australia.