Business Succession Planning - Considering Employee Ownership
Over the next 10 years 2.5 million baby boomer business owners will be looking to transfer ownership of their business.
Does this sound like you?
In our new video series in conjunction with The ESOP Association we will explore the benefits of transferring ownership of your business to your employees. If you're a business owner or executive, please watch the videos below to learn more!
Learn from Those Who Have Made The Transition to Employee Ownership
Gardener’s Supply Chose to Keep Its Values Intact
Gardener’s Supply, an organic and sustainable outdoor supply company, considered several options before deciding on forming an ESOP. The company looked at its stakeholders and made the decision to become employee owned as a way to stay connected to its community, preserve its values, and support its employees. Watch several employee owners share their stories about how the ESOP has impacted their lives while growing the company.
Air Tractor Stays Local With An ESOP
When Air Tractor founder, Leland Snow looked to sell his business he knew he didn't want to sell to a larger aviation company. Instead he turned to an Employee Stock Ownership Plan ensuring his business stayed local and that his legacy lived on. Today you can find Air Tractors in 40 countries around the world.
Harpoon Brewery Partners Choose ESOP
Hear the story about how one of the first craft brewery in the nation became one of the most successful employee owned breweries in the world.
Bob's Red Mill ESOP Story
You may recognize him from the cover of your favorite flour or oatmeal, Bob Moore, founder of Bob's Red Mill, based in Portland, OR, tells the story of his company's transition to employee ownership through an ESOP.
Mid South Building Supply's ESOP Story
From orphan to owner and then finally deciding to secure his legacy and transition his company to an ESOP, the founder of Mid South Building Supply, Norman Rales, had a monumental impact on the future of his company and the people who work there. Hear from the new owners (the employees) about how being an ESOP company impacts them every day.
Business Succession - Introduction to ESOPs
Introduction to ESOPs - Maintaining Your Legacy
What is an ESOP and how do business owners decide to transition ownership of their business, and often their life’s work, to their employees?
Structuring an ESOP
In this video a group of professional advisors discuss how employee owned companies with an Employee Stock Ownership Plan (ESOP) are structured.
What Do You Want Your Legacy To Be?
What happens when the founder of a business retires? How can they keep their legacy in tact? In this video, learn how the ESOP can help maintain a company founder's legacy for generations.
The Dos and Don'ts of ESOPs
In the fourth video in this series, our group of ESOP Experts discuss the dos and don'ts of ESOPs before and during an ESOP transition.
Most business owners know that there are three options when planning for retirement.
- They can sell their business.
- They can, pass the business to a member of their family.
- They can close up shop.
But, there’s a fourth option. One that allows a business owner to sell the business to the people who care most about its success, the employees. It’s called an Employee Stock Ownership Plan. This type of succession plan happens on the business owner’s timeline and ensure the business stays open, local, and in the hands of people who are passionate about the legacy of the company. In this exciting new series you will hear from ESOP companies in multiple different industries, and their seasoned advisors, about what an ESOP is and if it’s right for you.
Check back here!
Over the next year The ESOP Association and Employee Ownership Foundation will be releasing new videos every few weeks. Don't miss out!
Want to Learn More?
Are you considering ESOP formation? If you would like more information about forming an ESOP, check out all the great educational content on our website and consider joining the ESOP Association. Dedicated to education, The ESOP Association attracts more than 11,000 people annually to its 18 chapter and five national meetings—including the Employee Owned Conference in Las Vegas, NV, which is the largest ESOP event in the world. They work to educate about, and advocate for, employee ownership with an emphasis on ESOPs.
Join The ESOP Association today and learn why an ESOP can help you boost cashflow and gain competitive advantage. Learn how to set up and make your ESOP successful. Avoid costly mistakes with the training, network and network your business needs.