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A detailed NCEO publication on how EOTs work, how they compare to ESOPs, and how companies can structure, finance, govern, and operate after an EOT transition.
EOTs are flexible, but that flexibility creates design choices. This publication gives decision-makers a deeper path through structure, financing, governance, and employee benefit.
Founders, boards, and advisors seriously evaluating whether an EOT is the right transition structure.
Heirloom Library entries are summaries and wayfinding notes. The original source is the best place to read the full resource.
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National Center for Employee Ownership
A clear NCEO overview explaining what an EOT is, how it works, why owners choose the model, and how EOTs differ from ESOPs and worker cooperatives.
Common Trust
A practical Common Trust guide to the financial mechanics of an EOT transaction, including financing, structuring, seller payment, and deal design.
Project Equity
Project Equity’s overview of EOTs, including how the model works, why it is flexible, and how it can provide employees with profit sharing and a voice in governance.
This 88-page NCEO book, published in 2024 and sold in print and digital formats, is a deeper resource for readers who already understand the basics. Its multi-author treatment covers ESOP comparison, trust structure, financing, governance, employee equity rights, operations, and company cases.
Use it when a real transition warrants sustained study, not as the first EOT explanation. It is paid educational material and does not replace company-specific legal, tax, trust, valuation, or financing advice.