Below is the official, signed version of Indiana Senate Resolution 35. A PDF of the signed resolution is available here SR35 for your use.
Are you an Indiana ESOP or are you an Indiana ESOP Professional? If yes this is your opportunity to make your voice heard in reference to Senate Resolution 35. My understanding is that the Indiana Legislative Council will meet on May 21 – So the time to communicate with our legislators is NOW! As you…
Texas – House Bill 1198 & Senate Bill 1650, would allow a professional corporation to organize as ESOPs as long as all of the voting trustees are licensed; establish the Employee Ownership Assistance OFfice in the Office of the Governor / Texas Economic Development and Tourism Office; allow certified HUBs to transition ton an ESOP…
Over the past few months INCEO has been working with Indiana State Senator John Crane (R-24) to increase awareness of ESOPs within Indiana. Senator Crane and Senator Eric Koch authored Senate Resolution 35, this resolution urges the legislative council to assign the topic of Employee Stock Ownership Plans to an appropriate study committee. On March…
The Indiana Center for Employee Ownership, INCEO just earned a 2019 Silver Seal by adding information to our Nonprofit Profile on GuideStar! Now our community members as well as 10+ million GuideStar users can find in-depth financial information about our organization. What do you think? Check out our profile at the following link. GuideStar…
Many thanks to Senator John Crane (R-24) for his support of employee ownership and ESOPs in Indiana. Senator Crane authored and has submitted Senate Resolution 35 to the 2019 Legislative Session. SR 35, is expected to go to committee in March 2019 with hearings following assignment. This Senate Resolution urges the legislative council to assign…
Rutgers Institute for the Study of Employee Ownership and Profit Sharing is performing a National ESOP Employee Survey of ESOP firms. This survey, when completed, will replace the 15-year old NBER data and will be used to develop the next generation of insights on worker ownership. This is a unique opportunity for your ESOP company…
In 2018, INCEO worked with the offices of Governor Holcomb and Indianapolis Mayor Hogsett to proclaim October Employee Ownership Month. I believe this was a first for Indiana, and according to The ESOP Association Indiana was one of four states to issue a Governors Proclamation. In 2019, our goal is to once again obtain a…
Many thanks to the National Center for Employee Ownership for providing the 2016 DOL form 5500 Data for the Indiana Center for Employee Ownership’s use. We are using this data to update our interactive ESOP page and map and expect to have our data updated within the week. This will be reflected in the both…
What are the planned Indiana business exit strategies? According to the 2016 Annual Survey of Entrepreneurs (N=67,897 business reporting) the exit strategies consisted of the following: Two key items stand out: The first is that 8.6% of the reporting businesses (or 5,854 businesses) the exit strategy is to sell to the employees or managers. This…