An employee buyout is an increasingly popular succession option. In effect, you sell the business to its employees. The employees become the new owners - though often most existing business and management structures stay in place.
An employee buyout like this can be a good way of ensuring the future of the business, with a highly motivated workforce. At the same time, it can also be an effective way of realising a good price for the value you have created.
This guide explains the advantages of an employee buyout and the key issues you need to consider.