In recent years, many sponsors and trustees had to defend investigations from the U.S. Department of Labor (DOL) in connection with transactions in which company shares were sold to an Employee Stock ...

Most CPA firms are steeped in the partner model of ownership, but one of the country’s largest firms recently opted to break with that model by establishing an employee stock ownership plan (ESOP). No ...

There’s no doubt that subjects like income inequality and the growing wealth gap in our society have become topics of much debate in recent years. And while there is much consensus that these trends ...

In DeWitt’s ESOP practice group, we are often asked: what type of company is a good fit for an ESOP? This question comes from an outdated perception that an ESOP is a good fit only for manufacturing ...

The first half of 2018 has seen an increase in middle market M&A, particularly with respect to privately held businesses. Many of these business owners are directly interested in employee ownership as ...

Steve Mayer, CEO, Burr Pilger Mayer, Inc. When business owners think about succession planning, they often picture selling to a competitor, a private equity firm or their management team. But there’s ...

Oftentimes, owners of specialty contracting firms wish to access some of the value they have built up in the business, while others may be approaching retirement and looking to move on. Many business ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Business owners across various industries are awakening to ...

A standard ESOP doesn’t have the same effect. How could it? At most companies, it means profit sharing is paid out once a year. It’s management’s decision, if and how much to pay. People rarely know ...

Turns out ESOPs can make your company less competitive, according to a recent survey published in the spring 2020 NCEO bulletin. Despite the obvious benefits of an ESOP–not the least of which is ...

Alloy Engineering, founded in 1943 in a Rocky River home, fabricates alloy parts for high-temperature and corrosive-resistant industrial applications. It also boasts Ohio's first Employee Stock ...