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A primer on Employee Stock Ownership Plans (ESOPs)
November 5th, 2020
An Employee Stock Ownership Plan (ESOP) offers lots of attractive benefits: studies have shown that ESOPs improve productivity, increase sales and improve return on assets, plus they offer great tax advantages. But more than any of these attributes, an ESOP offers the owner of a company peace of mind and an enduring legacy. “Many times, […]
A succession solution
June 29th, 2016
How to determine if an employee stock ownership plan is right for your company. An exit plan is generally not at the forefront of a company owner’s mind, especially at the height of career success, but it’s no less important than any other business strategy. When the time comes to step down, a comprehensive exit […]
Lawrence Fabric implements ESOP
October 22nd, 2015
Lawrence Fabric & Metal Structures Inc., St. Louis, Mo., has implemented an Employee Stock Ownership Plan (ESOP) and is now owned by its employees. First named Lawrence Canvas Products, the company was formed by Art and Dorothy Lawrence in 1941 and sold to Bob Helmsing in 1977. In 1984, Jerry Grimaud, the company’s ninth employee, […]