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Burnett Specialists/Choice Specialists Blog

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Learn About Working for an ESOP

Learn About Working for an ESOP
Wouldn't being an owner of a company inspire you to work hard to make it a success? This motivation is one of the driving forces behind companies opting for employee ownership. There are several ways to accomplish employee ownership. Employees can buy stock directly, receive stock options, or through a profit sharing plan. Stocks can even be given ...
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Benefits of an ESOP

Benefits of an ESOP
When trying to address issues of retention and productivity, a lot of tried and true options usually get tossed on the table. Some companies, however, are taking a bolder, out-of-the-box approach that has been shown to work, now more than ever. An employee stock ownership plan (ESOP) is an employee-owner method that provides a company's workforce w...
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When Is a Business Ready to Become an ESOP?

When Is a Business Ready to Become an ESOP?
For whatever reason, you and your partners are considering selling your business to a third party. Maybe it's an issue of productivity or turnover, or maybe you're just ready to give up the stress of owning a business. You'll broker a deal that retains your job and most of your authority, but in the end, you will no longer be the majority owner. Be...
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