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...
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...
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...
You may be fortunate to be employed at one of the 6,500 companies in the U.S. that sponsor an employee stock ownership plan (ESOP). If not, perhaps you will be in the future, since ESOPs are increasingly attractive retirement plans that exhibit bipartisan support....
After working hard to build a successful business, you want to see it live on after you hand over the reins to the company. Who knows your business better than you and your employees? This is why so many closely held businesses in construction and contracting choose...
Employee Stock Ownership Plans (ESOPs) are the most common and successful employee ownership model in the U.S. and have become a popular alternative to traditional M&A transactions for business owners looking to exit – either partially or completely – in a...