Success Leaves Clues: Ep223 with guest Jon Shell, Chair of Social Capital Partners

Success Leaves Clues with Robin Bailey and Al McDonald

In this captivating episode, hosts Robin and Al sit down with Jon Shell, Chair of Social Capital Partners, for a compelling conversation about the transformative potential of employee ownership and the stakes involved. Jon takes us on his journey from the private sector to championing public policy changes that support Employee Ownership Trusts (EOTs) in Canada. Together, they explore how EOTs can preserve businesses, empower employees as owners, and create a more equitable economy. Tune in to discover the benefits, challenges, and profound impact employee ownership could have on wealth distribution and economic resilience in Canada.

"You can't salary your way to wealth." ~ Jon Shell

Key Takeaways:

1. Economic Resilience: Employee ownership enhances job security, loyalty, and company performance, particularly during economic downturns.
2. Public Policy and Wealth Distribution: Policy initiatives, like those supported by the Canadian Employee Ownership Coalition, are key to broadening access to wealth and fostering economic change.
3. Succession Planning with EOTs: Employee Ownership Trusts (EOTs) offer a tax-advantaged, sustainable succession option for business owners, with the first $10 million in capital gains being tax-free in Canada.
4. Ideal Candidates and Growing Interest: Stable, mature companies with strong cash flow are well-suited for EOTs, reflecting the growing interest in employee ownership across Canada.

Brought to you by Aria Benefits and Life & Legacy Advisory Group