Continue reading → The post Employee Stock Ownership Plan (ESOP) appeared first on SmartAsset Blog. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please ...

The American Institute of CPAs has written a letter to members of Congress to support legislation that would block the U.S. Department of Labor s 2010 proposal to change its definition of fiduciary ...

Why try to persuade employees to act like owners when you could just make them owners? In case you didn’t know, October is Employee Ownership Month. According to the ESOP Association, there are ...

A trio of lawmakers in Congress have introduced a bill in the House that would modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to make clear that ...

In essence, an ESOP transaction is a leveraged buyout of all or part of the company. Debt is placed on the company to finance the sale, as it would be in any management buyout.

There are 98 ESOPs in Kansas, including McCownGordon Construction. The founders, Pat McCown and Brett Gordon, converted the company to an ESOP in 2015. There were obvious perks for associates ...