Episode 055 - Steward-Ownership, Purpose-Trusts, and Exiting to Community with Zoe Schlag, Co-Founder and Managing Partner at Common Trust
The Ownership Economy
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Are Perpetual Purpose Trusts a New Trend?
A couple billion dollars worth of tax revenue was deferred via this perpetual purpose trust that would have gone to the government. I think there's a well-developed landscape of legal tools to evade taxes, he says. But at the same time, it's going to be adding mission into these entities in a way that was not true 10 years ago,. He adds. The aspects of community that you may not otherwise see with other employee ownership vehicles.
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