In this episode of Amplify Your Business, host Lance Johnson speaks with Jon Shell, Chair of Social Capital Partners, about the newly introduced Employee Ownership Trusts (EOTs) in Canada. Jon explains how EOTs allow business owners to sell their companies to a trust on behalf of employees, creating opportunities for wealth distribution, local job preservation, and maintaining company culture. Drawing on examples like Friesen Printers in Manitoba, he highlights the long-term benefits of employee ownership for businesses, employees, and communities, while emphasizing the tax incentives and structural support that make EOTs an attractive option.

The conversation also delves into the practicalities and challenges of implementing EOTs, including governance structures, communication strategies, and financial considerations for business owners. Jon underscores the importance of careful planning and succession management, particularly for entrepreneurs prioritizing their company’s legacy. With resources available at employee-ownership.ca, this episode offers actionable insights for those exploring employee ownership as a meaningful exit strategy.

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Connect with: Jon Shell & Social Capital Partners on LinkedIn

Website: https://www.socialcapitalpartners.ca/

00:00 – Introduction

02:00 – About Social Capital Partners

04:30 – Overview of Employee Ownership Trusts

06:45 – Benefits of Employee Ownership Trusts

10:00 – Real-World Examples of Employee Ownership

14:00 – Challenges in Implementing an EOT

17:30 – Governance Structure of EOTs

22:00 – Common Concerns for Business Owners

26:30 – Interest in EOTs Since Launch

28:05 – Resources for Business Owners

30:00 – Outro