When a former employee is being paid his stock from an ESOP, and he has the right to "put" the shares back to the company or the plan, the company often has to make a tough decision --- Do we retire (redeem) the shares (buying them back into the...
Employee ownership can be an attractive option for owners looking to sell their business while maintaining their legacy and protecting the wellbeing of employees. The following article answers common questions related to the creation, financing, valuation and tax...
What is rebalancing? It is peculiar to Employee Stock Ownership Plans (ESOPs). In its Response to Technical Assistance Request (#4) (http://www.irs.gov/pub/irs-tege/esop_tar4_022310.pdf), issued April, 2009, the IRS has said "… we define...
The significant role that family businesses play in our economy is unmistakable: As of data from 2019, as much as 57% of U.S. GDP is attributed to family businesses that include both small local “mom and pop” storefronts and major public corporations (35%...
Sometimes, families working in the business have conflicts caused by the differences with behaviors and expectations. Some of these family business conflict stories show up as great novels and news articles. Have you heard of children who can no longer...
By Kyle Seymour and Lee Eisenstaedt There are about 7,000 organizations with Employee Stock Ownership Plans (ESOPs) according to the National Center for Employee Ownership (NCEO). This number is expected to increase over the next 10 years as...
In simple terms, Management Training is the process of educating the pupil with best practices, skills development, and management theory. Leadership development isn’t always about performance and success. It is about experiential events that put the...
"In case of emergency, break glass." You've seen that warning many times. But when it comes to addressing leadership challenges, is it really necessary to wait to act until there's a full-blown emergency? All too often, we see people in...
What’s an ESOP? There are a number of articles on the legal translation of the answer for “What is an ESOP?” and yet they don’t cover the other management or advisory views of “What is an ESOP?” This article will cover the...
Whenever I talk to leaders and managers about self-awareness, someone usually says, "I don't need any of that. I'm already self-aware." Usually, they're not. Not even close. Leaders lacking in self-awareness typically display one or...