In this podcast, Poised for Exit, Sue Crockett is interviewed regarding MNCEO’s new transition planning online course. This course teaches the basics of what transition planning is, how to start, who's involved and what to do next.
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Kurt Manufacturing is 100% employee owned and operating over 500,000 square feet of manufacturing facilities, Kurt is positioned to be a leading employer for many years to come. Kurt’s 500 employees are located in Minnesota, Nebraska and Colorado and own 100% of their company. Because Kurt is an ESOP company, employees control their destiny and can achieve more by working as a team.
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Employee ownership stories: Creating an ESOP, with Executive Director Sue Crockett and Ulland Brothers CFO, Tiffany M. Sathre.
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When it comes to choosing an ownership transition strategy, owners of closely held businesses have a lot to think about. What transition options are available? And which of these options are a good fit for the goals of both the owner and the company? Clear and cogent answers to these questions can be elusive.
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Corporate Governance is the process of allocating authority and responsibility among the company’s shareholders, board of directors and management. Many privately-owned companies have one shareholder who typically wears many hats — shareholder, director (usually the only one) and the CEO. There really is no question who runs these companies.
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This webinar will provide you with practical knowledge of how to become a partner for companies looking to finance an ESOP transaction. Learn how financing an initial ESOP can benefit the lenders by being in a good position to maintain an annuity of lending opportunities in the future. This will include a walk-through of governance (valuation, legal, trustees, etc.)
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This week on #PoisedforExit we featured Nina Hale, a pioneer in the world of digital advertising, who sold her company Nina Hale to an ESOP in 2014. The company has been renamed Collective Measures and is growing strong, with many of the same employees who worked for Nina. She now sits on several non-profit Boards and helps educate business owners on what ESOP's are and are not.
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Shareholders and owners of closely-held businesses who are looking for the right exit strategy to diversify their portfolio and plan for the next phase of life have numerous alternatives to consider.
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Roger Ryberg presents on succession planning at NCEO conference.
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When Rainbow Treecare started back in 1976, protecting elms from Dutch Elm disease, it was unexpected that one day we would be comprised of 7 companies working together.
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Simply put, an ESOP feasibility study evaluates certain metrics and aspects of your business to determine if becoming an ESOP makes sense. Let’s look at Phase 1 and Phase 2 of the study.
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Learn both why and how Nina Hale, the former owner of Nina Hale, Inc. in Minnesota decided to go the employee ownership route, converting her business to a 100% employee-owned employee stock ownership plan(ESOP).
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The ERC has evolved since its inception, and the IRS has issued several rounds of guidance to help clarify the rules about how organizations can claim the credit. Here’s what your ESOP needs to know about qualifying for the ERC.
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Forward-thinking business owners want to create a succession plan that preserves their legacy and benefits the organization. Understanding employee stock ownership plans, ESOPs, and how they can impact a business, the employees and a community can be a perfect option for savvy leaders to explore.
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In an industry that focuses on profit and expect a 75%+ turnover rate, we support Long Haul Trucking and their endeavors to put their drivers first.
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Employee ownership is also an empowering tool for business, offering employees value, purpose and wealth in exchange for their tenure. These offerings are motivating, leading to increases in productivity and boosting bottom lines.
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While many businesses in the next two decades may pass to the next generation, a large portion of them will be sold — many of them to an Employee Stock Ownership Plan, or ESOP. How do you know if an ESOP is a good option for your company?
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Since Long Haul sent its first truck out on the roads over 35 years ago we have taken pride in being a company that offers our drivers opportunities to create successful careers. Of the many separators that make Long Haul Trucking an exceptional place to work as a driver, emplo
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View this table to see a basic outline of the various approaches to employee ownership. To make the table concise, there are some nuances and details left out. Follow the links to find more detailed explanations of various issues are provided where appropriate.
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Tom Prosser shared the options he considered and why employee ownership was the best option for him and the future of the business that he had worked so hard to build.
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