As more business owners begin thinking about succession and long-term legacy, one theme continues to surface across policy, finance, and workforce development: ownership matters. A recent interview with Alanna McCargo and John Avlon from The Bulwark explores this idea...
Acclaro Valuation Advisors is a market leader and a respected authority in the field of ESOP valuation. ESOP Marketplace is excited to represent a distinguished firm like Acclaro, and is happy to count a number of great Acclaro advisors on the site's individual...
By Alan Kandel & Marshall Custer Employee Stock Ownership Plans (ESOPs) are gaining renewed attention in the cannabis industry as a promising tool for business succession, liquidity, and tax efficiency—particularly in light of the heavy burden imposed by Section...
By Ronald J. Gilbert & Corey M. Rosen In 1987, WesRay, an investment firm led by former U.S. Treasury Secretary Bill Simon, a man of considerable financial acumen, sold AVIS to the AVIS Employee Stock Ownership Plan (ESOP). In addition to being attracted by a...
ESOPs ended up under ERISA, not by design, but because the legislative father of the ESOP Senator Russell Long was able to seize upon the extraordinary legislative opportunity to add ESOPs to the much larger pension reform bill. One consequence was that the Department...
The unique ownership structure of a company owned by an employee stock ownership plan and trust (ESOP) expands the fiduciary duties of the board of directors of the ESOP company. Since the trustee of the ESOP acts on behalf of the ESOP (which is a shareholder) and the...
Over the next 10 years, over 50% of the privately held, family owned or ESOP businesses will be changing ownership. Are you one of them? What is your Plan? If you have the financial picture figured out, what about the organizational and management plan? Did you know...
As the country focuses its attention on COVID-19, and with most of the nation under strict “stay-at-home” orders allowing only essential businesses to operate, many private companies in a variety of industries are suffering the economic impact of the current public...
KSM’s Mark Flinchum and Andy Manchir with the firm’s ESOP Services Group joined the National Center for Employee Ownership (NCEO) for a webinar presentation on unique alternatives to a traditional ESOP structure. This webinar discussion covered accounting treatment...
What will happen to the trucking company that you’ve spent a lifetime building when you retire? Can selling to an ESOP make the transition of your company and the start of your retirement any easier? The use of employee stock ownership plans (ESOPs) as a succession...