Unlike traditional sales to external entities, ESOPs transfer ownership to employees over time, aligning personal success ...

So, she was going to sell the company to us, the employees, she told me, via an employee stock ownership plan. An ESOP is a qualified retirement plan that lets companies share ownership with workers.

The employee-ownership movement continues to grow, with the latest addition of Zachau Construction in Freeport. The 56-year-old construction management firm this week announced its transition to a ...

All employees of Sebright Products Inc. are now owners of the company through an employee stock ownership plan (ESOP). The company says this milestone marks a significant step in its commitment to ...

Employee ownership can help democratize workplaces and provide a path for owners looking to transition to retirement, according to leaders of employee-owned businesses in Central Massachusetts.

Employee ownership is fast becoming a route to growth for ambitious, people-first Scottish companies (Picture: stock.adobe.com) So, with this vision in hand, we converted to become an Employee ...

Employee ownership can increase creativity, engagement and perhaps even profits, but it requires a change in culture. Successful companies educate their workers, solicit their ideas, give them agency ...

he wanted to make us — the employees — owners via an employee stock ownership plan, or ESOP, a qualified retirement plan that gives tax benefits to companies that share ownership with employees.

Editor’s note: The companion article, “What to Know When Your Client Is Considering Employee Ownership” explores how CPAs can advise clients interested in changing their company’s ownership model.

Employee ownership of businesses has been around for many years, but the different models are still widely misunderstood, forgotten, and even shunned — including by accountants. The most popular model ...