Yes, typically in an EO sale the trustee (in the case of an ESOP or EOT) or a transition committee of workers in a worker co-op will commission an independent valuation distinct from the one you will commission as the seller, in order to help ensure a fair market value transaction will take place.
Answer
Will my employees need an independent valuation in order for me to sell the business to them?
Short Answer
Yes, typically in an EO sale the trustee (in the case of an ESOP or EOT) or a transition committee of workers in a worker co-op will commission an independent valuation in order to help ensure a fair market value transaction will take place.