Featured in the Minnesota Society of CPA's September Footnote magazine, Sue Crockett explains the upcoming fate for many baby boomer owned businesses.
The issue with 53K business owners nearing retirement is that there are about to be thousands of business owners who don't know the importance of proper succession planning or even simply don't know their options.
This article outlines how employee ownership is the solution for some businesses. As an advocate for Employee Ownership, Sue outlines the various forms of employee ownership, how the transition works and where exactly business owners should start looking into their business succession options.
An employee owned company supports not only the employees, the business owner, but also the communities they are rooted in. Read the full article to learn more.