Wesley Novotny spoke at the Ontario Bar Association’s Buying or Selling a Business 2025 program. In a session on Employee Ownership Trusts, he explored how EOTs can serve as a succession planning tool that enables employees to acquire ownership without directly purchasing shares.
Wesley discussed the legal structure of EOTs, key tax incentives and the advantages for vendors and employee participants. The session also compared EOTs to traditional third-party sales. The program offered practical guidance on business transactions, from planning and negotiation through to post-closing integration.