Trusted Advisors & Succession Strategists
Embrace the Future with Employee Ownership Trusts (EOTs)
Transform Your Business with New Canadian Legislation
Canada is pioneering the future of business transitions with the introduction of Employee Ownership Trust (EOT) legislation. This innovative framework empowers business owners to seamlessly transition ownership to their employees, fostering a sustainable and engaged workforce.
What is an Employee Ownership Trust (EOT)?
An EOT is a trust established to hold shares on behalf of a company’s employees, ensuring they benefit from the company’s success. This model not only secures the legacy of your business but also enhances employee motivation and retention.
Why Choose an EOT?
• Legacy Preservation: Keep your business thriving within a trusted and loyal team.
• Employee Empowerment: Boost morale and productivity by giving employees a stake in the company.
• Smooth Transition:*Benefit from a structured, well-regulated process designed to ease ownership transfer.
• Financial Incentives:Business owners could qualify for up to $10 million in Lifetime Capital Gains if the transition occurs before 2026.
How Firefly Insights Can Help
Navigating new legislation can be complex. With over 20 years of experience in employee ownership, Firefly Insights is your trusted partner in this journey. We offer:
• Expert Consultation: Tailored advice to align with your business goals.
• Strategic Planning Comprehensive support through financial, legal, and governance aspects.
• Ongoing Support: Continuous guidance to ensure long-term success.
Begin Your Transition Today
Ready to explore the benefits of EOTs for your business? Contact Firefly Insights to start your journey towards a sustainable, employee-owned future.
Jennifer quickly establishes that she is ready to listen to the ‘whole you’ – not just the specific business problem you might have come to her with.
She has broad experience in leading successful small businesses – and she’s inspired me to enjoy the highs and to work through the lows of my own small business. Many thanks!
jennie coleman – ceo, Equifruit
roadmap
A clear plan for your business transition
financials
SET UP FOR SUCCESS
team support
Ensuring alignment within your business and its team
WHAT'S THE END GAME?
You know you need support to exit your business.
Here it is.
Your business is a unique reflection of you, your values and all of your hard work over the years. You want the legacy to live on, but when you start thinking about an exit strategy, you freeze. There’s so much to consider.
The saying goes, “you don’t know what you don’t know” and, when it comes to exiting a business, there’s a lot to know. You’re eager to learn and understand your options. You know it takes time and commitment. You’re ready.
Welcome to progressive consulting and implementation designed to help you prepare to exit your business while staying true to your vision. Schedule a consultation and let’s see if we’re a good fit.