Our Employee Share Ownership specialists Jonathan Oxley and Melanie List combine the necessary technical skills with a genuine enthusiasm for the benefits that wider share ownership can bring to businesses and to the people who make those businesses successful.
We also understand the pitfalls and common misconceptions. Our legal advice may well be that wider employee ownership is not a good idea in a particular business. Shares can be a powerful incentive for employees, but the promise of shares can backfire if expectations are not managed. Our experience will ensure you minimise any downside risks.
Our team of employee share ownership scheme lawyers advise regularly on HMRC approved plans (CSOP, SAYE and SIP) and also Enterprise Management Incentive (“EMI“) options which are currently the most popular vehicle for wider share ownership in SMEs and owner-managed businesses. EMI options enjoy significant tax advantages for both the Company and the employee.
We regularly produce articles in the regional press on the subject and Melanie is also a member of the Practical Law Share Schemes and Incentives Consultation Board.
We are members of the Employee Ownership Association (“ESO”) and advise on the transition of companies into ownership by their employees, including through new –style Employee Ownership Trusts (“EOTs”).
We are also experts in creating shares with different classes of rights, whether these are what are referred to as “growth shares” or otherwise. Used in the right way, shares of different classes can provide an ideal vehicle for incentivising and rewarding key employees.
It is also possible to use limited liability partnership (LLPs) to provide a structure for wider ownership and participation.
Talk to us
With offices in Leeds, Sheffield and York, we can offer our services either on a face-to-face basis, by post or email. If you would like an initial free discussion on whether some form of wider employee ownership is right for your business please contact Jonathan Oxley at (firstname.lastname@example.org, 0113 280 2091) or Julian Moran (email@example.com, 0113 280 2065).
We will discuss with you what sort of employee share incentive might work best in your business, without obligation.