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A business owner's estate plan should protect the company and its employees as well as the entrepreneur's heirs. These three ...
OpEd: Messer Construction in Lexington has benefited from employee ownership. Congress should help more businesses get there.
Today, construction companies represent approximately 16% of all ESOPs, according to the National Center for Employee Ownership.
Zachau joins nearly 90 companies across Maine that have adopted employee ownership, through Employee Stock Ownership Plans, or ESOPs. The companies employ more than 8,500 people.
An employee stock ownership plan is a tax-advantaged strategy allowing business owners to reward workers with stock ownership while retaining operational control.
Converting to an employee stock ownership plan offers firms tax benefits and an alternative to private equity.
Taste, a homegrown Virginia Beach-based gourmet sandwich cafe operator and retailer, recently announced its transition to 100% employee ownership under an employee stock ownership plan.
Strong employee ownership policies can counter this, with little or no ongoing government intervention, by presenting an attractive alternative to owners looking to sell.
Plus, some of the single-plan companies with an ESOP combine it with a 401 (k) component into something called a "KSOP," an acronym for Keystone Savings and Profit-Sharing Plan.
MADISON, Wis. -- Findorff will transition to become 100% employee owned, the construction company announced Monday. The Madison-based company introduced an employee stock ownership plan, a ...