What happens when the founder of a business retires? How can they keep their legacy in tact? If you’re a business owner or executive, and you’re looking at business succession options, consider selling your business to your employees and reap the benefits.
From orphan to owner and then finally deciding to secure his legacy and transition his company to an ESOP, the founder of Mid South Building Supply, Norman Rales, had a monumental impact on the future of his company and the people who work there. Hear from the new owners (the employees) about how being an … Read More
In this video a group of professional advisors discuss how employee owned companies with an Employee Stock Ownership Plan (ESOP) are structured.
You may recognize him from the cover of your favorite flour or oatmeal, Bob Moore, founder of Bob’s Red Mill, based in Portland, OR, tells the story of his company’s transition to employee ownership through an ESOP.
What is an ESOP and how do business owners decide to transition ownership of their business, and often their life’s work, to their employees? Most business owners know that there are three options when planning for retirement. One, they can sell their business. Two they can, pass the business to a member of their family. … Read More
Hear the story about how one of the first craft breweries in the nation became one of the most successful employee owned breweries in the world. Most business owners know that there are three options when planning for retirement. One, they can sell their business. Two they can, pass the business to a member of … Read More
Since its inception in 1978, The ESOP Association has represented the interests of all corporations that sponsor employee stock ownership plans, or ESOPs.