How The Inflation Reduction Act Impacts ESOPs
The simple fact is that ESOPs are here to stay as an effective and powerful business succession strategy. This isn’t merely wishful thinking from a firm of strong ESOP believers, it’s evident by the encouragement that Congress keeps showing. Take the pilot program created by Section 874 of the National Defense Authorisiation Act (“NDAA”) which […]
How Retirement Security Legislation Impacts ESOPs
A Senate committee has approved a measure to expand employee access to workplace retirement plans. It seems like a simple enough statement that might not register as newsworthy, but this is anything but simple and in fact, history has been made! In June 2022, the United States Senate Health, Education, Labor, and Pensions (HELP) Committee […]
Everything You Need To Know About An ESOP
ESOPs (employee stock ownership plans) have historically been misunderstood. As a result, they haven’t always been as popular as, say, opting to sell outright to a private equity group.
How An ESOP Valuation Works
An ESOP (Employee Stock Ownership Plan) is a type of employee benefit plan that gives employees stock options and allowing them to buy shares in the company at a set price.
How To Set Up An ESOP Plan
Employee stock ownership plans (ESOP) are becoming increasingly popular, not just as a viable succession plan for business owners, but also for the company.
ESOPs and Employee Health? Think “Hand and Glove”
“Train people well enough so they can’t leave, treat them well enough so they don’t want to.” – Richard Branson
ESOP Companies Aren’t Resigned to Employee Resignations
“Paying your employees well is not only the right thing to do, but it makes for good business.” – James Sinegal
Pay Up? ESOP’s Do, Especially in Hard Times
“The added cost of higher wages is offset by savings from lower labor turnover and higher labor productivity.” – Anonymous
Job Security, Thy Name is ESOP
“You don’t build a business – you build people – and then people build the business.” – Zig Ziglar
When the Chips Were Down, ESOPs Took Care of Their Employees
“When employees are happy, they are your very best ambassadors.” – James Sinegal
