INCEO has contacted the Governor’s office and requested a proclamation be issued in support of Employee Ownership Month. Governor Holcomb issued a similar proclamation’s in 2018 and 2019, and we assume he will be supportive in 2020. We have also reached out to the Indianapolis Mayor’s office for a city proclamation in support of employee…
Why is Scotland leading the way in employee ownership? – by Carole Leslie A study released in June 2020 by the White Rose Centre for Employee Ownership, a collaboration between the Universities of Leeds and New South Wales, found that Scotland was second only to London in the growth of employee ownership. When you consider…
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How do ESOPs share the wealth? The simple answer is through the annual allocation of ESOP shares and the capital appreciation of the ESOP shares. For example: Annual allocation of ESOP shares: ESOPs are based on broad-based ownership. Every eligible employee in the ESOP shares in the ownership of the company. It doesn’t matter if…
What is the impact of employee ownership on the individual worker, or worker groups? Does employee ownership (through Employee Stock Ownership Plans or Cooperatives) have an impact? Recent research on the impact of employee ownership and individual workers performed by the National Center for Employee Ownership identified that among the sampled workers workers who are…
Gov. Holcomb approved $30 million in federal funding made available through the CARES Act to small business restart grants, helping accelerate the speed of economic recovery activity by providing working capital to cover certain expenses related to the global pandemic. Eligible Indiana small businesses can seek reimbursement for up to 80% of qualified expenses, such…
Are you a business owner? Are you thinking about succession planning? Have you considered an ESOP? Check out Jane in the below video… She found her answer…Have you?
Enjoy this short video from the Pennsylvania Center for Employee Ownership on what is an ESOP! Normally the ESOP Trustee (the only shareholder in a 100% S-Corp ESOP) may require one or more external directors to be appointed to the board.
FROM the KSM Blog, reposted with Permission – Rick ESOP employee-owned companies have a unique issue to consider during these challenging times: how does the COVID-19 pandemic impact ESOP valuation? Each company’s situation will be uniquely impacted by factors including the ESOP plan document, the valuation date, and the size of the ESOP stock distributions…
The Interactive ESOP Map page has been updated based on the most current data available from DOL, including ESOPs initiated in 2018. Congratulations to the 9 ESOPs that have a plan effective date in 2018 these are: THE SKILLMAN CORPORATION BARRY COMPANY, INC. BAUMGARTNER & COMPANY INC. ILLINI HI-REACH, INC. JB CUNNINGHAM, INC. KORELLIS ENTERPRISES,…