An employee-owned company plan is more commonly referred to as an "employee stock ownership plan," (or ESOP), but the name conveys the right message: In an ESOP, the employees are given stock in the ...

Employees participating in an ESOP receive shares in the company. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions ...

Congratulations. You’ve completed your paperwork, met the Department of Labor criteria and successfully established your employee stock ownership plan (it took a while, didn’t it?). You’re now half ...

Oftentimes, owners of specialty contracting firms wish to access some of the value they have built up in the business, while others may be approaching retirement and looking to move on. Many business ...

Steve Mayer, CEO, Burr Pilger Mayer, Inc. When business owners think about succession planning, they often picture selling to a competitor, a private equity firm or their management team. But there’s ...

The first half of 2018 has seen an increase in middle market M&A, particularly with respect to privately held businesses. Many of these business owners are directly interested in employee ownership as ...

In DeWitt’s ESOP practice group, we are often asked: what type of company is a good fit for an ESOP? This question comes from an outdated perception that an ESOP is a good fit only for manufacturing ...

Most CPA firms are steeped in the partner model of ownership, but one of the country’s largest firms recently opted to break with that model by establishing an employee stock ownership plan (ESOP). No ...

Turns out ESOPs can make your company less competitive, according to a recent survey published in the spring 2020 NCEO bulletin. Despite the obvious benefits of an ESOP–not the least of which is ...

Alloy Engineering, founded in 1943 in a Rocky River home, fabricates alloy parts for high-temperature and corrosive-resistant industrial applications. It also boasts Ohio's first Employee Stock ...