New Hampshire

Worker co-ops: Like ESOPs, but better

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From the New Hampshire Business Review: I read with great interest the Feb. 21-March 6 article by Steve Burke, Beth Fowler and John Bentas of the McLane Law Firm heralding “the biggest transition of business ownership in history.” They’re right – but they only got half the story. As the three tax lawyers pointed out, ESOPs (employee […]

Iowa

Business ownership by workers: are worker cooperatives a viable option?

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From Iowa State University: One possible strategy for both succession and new business development is employee ownership. New business formation as an employee-owned firm or cooperative may have some advantages over formation as a sole proprietorship or partnership: pooling financial resources, spreading risk and combining the various knowledge and skills of the members involved. In […]

News

USDA – Worker-owned / ESOPs can help preserve business in rural America

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From the USDA: Employee ownership can help a business prosper by creating financial incentives for performance and by providing more self management of working conditions and policies. These benefits may accrue whether businesses are organized as cooperatives or as Employee Stock Ownership Plans (ESOPs) when workers have a majority control. Employee owners in rural communities […]