News & Updates

Dan Zugell speaking at the Exit Planning Exchange:
XPX Owners’ Academy held in Oak Brook, Illinois on June 20

Upcoming Events

Las Vegas ESOP Conference & Trade Show

November 9-10, 2017
Paris Las Vegas Hotel & Casino
3655 Las Vegas Boulevard South
Las Vegas , NV 89109
(877) 796-2096

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California/Western States – 2017 Annual Conference

October 11-13, 2017
Paradise Point Resort & Spa
1404 Vacation Road
San Diego, CA 92109
(858) 274-4630

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Fall ESOP Forum Tampa, FL

October 3–4, 2017
Preconference October 2, 2017
Grand Hyatt Tampa Bay Hotel
2900 Bayport Dr,
Tampa, FL 33607
(813) 874-1234

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Midwest ESOP Conference 2017

September 7 – 8, 2017
Hilton Downtown Omaha
1001 Cass Street
Omaha, NE 68102

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Tax advantages of ESOPs as an exit opportunity for architecture and engineering firms

Stakeholders in mature architecture and engineering firms nearing retirement are bombarded with ideas from many advisors for the “best” exit option. Despite the owners’ desire to continue to run their firms as they always have and simply focus on their clients, they need to contemplate several key considerations of a solid and successful exit plan, which include: […]

Employee Stock Ownership Plans Financing

An ESOP is the only tax-qualified retirement plan that may borrow money. Both principal and interest, subject to limits, on debt incurred to purchase stock from a selling shareholder are deductible to the corporation. Therefore, due to the tax advantages afforded only an ESOP, most ESOP transactions are financed through borrowed (leveraged) funds. Senior Bank […]


ESOPs are projected to be the biggest transfer of wealth in U.S. history. A discussion regarding Employee Stock Ownership Plans (ESOPs) must contain the obligatory ESOP basics, including an ESOP definition, as well as the advantages to the seller, company and employees. This article will briefly do the same, but will focus mainly on the non-leveraged ESOP, […]


A company sponsoring an ESOP must “make a market” for vested plan participants. To ensure the success of an Employee Stock Ownership Plan (ESOP) as an employee motivational tool and as a means of corporate finance and succession planning, a company sponsoring an ESOP must “make a market” for vested plan participants who are entitled to […]


ESOPs have the most advantageous tax benefit. Download Document A recent Price Waterhouse Coopers report indicated that 62% of the U.S. companies planning to sell all or part of their business will do so within the next 5-6 years. U.S. Department of Commerce’s 2010 statistics show that Pennsylvania’s Allegheny and the surrounding five counties account […]


The “baby boomers,” born between 1946 and 1964 are looking to retire as they turn age 65 at a rate of 10,000 a day for nearly the next two decades. 62% of the U.S. companies planning to monetize their business will do so within the next 5-6 years according to a recent Price Waterhouse Coopers […]


Two bills have been recently introduced in the United States Congress to promote employee ownership to perpetuate American businesses and provide retirement security to the American workforce. Both H.R. 2096 and S. 1212 bills are titled “Promotion and Expansion of Private Employee Ownership Act of 2015” and aim to enhance the already significant tax-advantages of […]


ESOP // Employee Stock Ownership Plan // A qualified, defined contribution employee retirement plan designed to invest primarily in employer stock of a sponsoring company. Download Document ESOPs ESOPs provide an opportunity for business owners or shareholders to successfully plan an immediate or gradual tax advantaged exit strategy, while also engineering the continued success of […]


Does the ESOP Trust control the Board since they are the stockholders? Download Document The key component to control is the type of Trustee you choose once the ESOP is established. There are two types of trustees, independent and directed. An independent Trustee is independent of the current Board of Directors and had broad fiduciary […]


Every ESOP plan is carefully designed to fit specific needs and is not a one-size-fits-all approach. The process varies in complexity depending upon the unique circumstances of the company, the owner, and the goals to be achieved. We insist on installing a succession plan that will work over the long term while maximizing benefits to […]

News Articles

More Maine construction companies are embracing employee ownership

BY J. CRAIG ANDERSON STAFF WRITER – There are risks, but independent construction firms see even bigger advantages in ESOPs – employee stock ownership plans – to pass the business on.   Wright-Ryan Construction in Portland has joined a growing list of construction firms to tackle the challenge of succession by selling the company […]

Who’s lucky? The staff of Lucky 32. They now own the business.

BY DAVID RANII – – Tyler Psaroudis, a server at the Lucky 32 Southern Kitchen, just became part-owner of the Greensboro business that operates that restaurant — as well as three other eateries and two hotels — without lifting a finger.   Instead, the heavy lifting – in fact, all of the lifting – […]

Charter Construction Announces Transition to Become Employee Owned Company (ESOP)

Source – – Charter Construction Employee Ownership Plan Structure Establishes Long Term Viability SEATTLE, Nov. 16, 2016 — Today Charter Construction, an award winning Pacific Northwest company specializing in commercial, custom residential, remediation and emergency restoration construction, announced that it will convert its ownership structure to an Employee Stock Ownership Plan (ESOP).   Through transitioning […]

Eder Flag Co. becomes employee owned

Source – Rick Barrett , Milwaukee Journal Sentinel The employee stock ownership plan will put thousands of dollars into individual employee retirement accounts, according to Eder Flag Co.   This Labor Day weekend will have extra meaning for the employees at Eder Flag Co., in Oak Creek, as Friday they were told they are now company […]

4 Good Reasons Your Company Should Consider an ESOP

BY COREY ROSEN Source: Conscious Company Magazine   Baby Boomers will be retiring in record numbers in the coming years — 10,000 per day, by some estimates — and record numbers of businesses will be for sale. In fact, two out of three of all privately held businesses in the US are forecasted to go through […]

ESOPs: An attractive succession plan option for dental practices

By Jeannine Pendergast, CPA Senior ESOP Client Advisor, Spinnaker Trust Source: DentistryIQ   Employee stock ownership plans are growing in popularity in other industries and gaining traction among dental practices. Here’s why they have marked advantages over traditional models of succession planning.   A consequence of the rapidly retiring baby boomer generation is a rise […]

MarshBerry Enters Employee Stock Ownership Plan

Marsh, Berry & Co. Inc., a Cleveland-area consulting and investment banking firm focused on the insurance industry, announced that the firm has become 100 percent employee-owned through an Employee Stock Ownership Plan (ESOP) Trust.   The ESOP announcement was made to MarshBerry employees during a quarterly staff meeting held at the company’s headquarters in Woodmere, […]

Craft brewers toast independence in Fort Collins

Jacob Laxen from the Coloraroan –  October 10, 2016   On the eve of the country’s largest beer event, employees from five different breweries toasted in a cheers of solidarity.   Everyone who filled the stage at Odell Brewing Co. that night had an ownership stake in their brewery. So did each of their co-workers. “This is a […]

Odell featuring other breweries in ESOP solidarity

Jacob Laxen from the Coloraroan –  October 5, 2016 For the first time ever, Odell Brewing will be serving beer from another brewery.   Beers from fellow craft brewers New Belgium, Left Hand, Deschutes and Harpoon will all be on tap at the 800 E. Lincoln Ave. Odell taproom from 4-7 p.m. on Wednesday.   The move is a […]

ESOP Association Starts Employee Ownership Month by Celebrating 9,650 Years of ESOP Management

WASHINGTON, DC–(Marketwired – October 04, 2016) – The ESOP Association proudly kicks off Employee Ownership Month by announcing it has presented the prestigious Silver ESOP Award to 26 of its corporate members. The Silver ESOP Award honors companies that have maintained their ESOP (employee stock ownership plan) for 25 years or more. Including this year’s […]