Resources

How Does an Employee Stock Ownership Plan (ESOP) Work?

February 6, 2024

There are many reasons companies implement ESOPs. One of the most important is that these plans help align owner and employee incentives. At its core, an ESOP is a way for employees to own a stake in the company they work for, creating a powerful sense of partnership and commitment between them as workers and their employers as shareholders.

Explaining Phantom Equity To Your Employees

February 5, 2024

You've done the hard work of putting together a phantom stock incentive plan. How do you effectively explain the details to your employees?

Small Business Valuation: What Is Your Company Worth?

February 1, 2024

How much is my business worth? It's an important question to consider, even if you're not selling any time soon.

What is “Phantom Stock” or a “Phantom Equity Plan”?

January 29, 2024

Phantom stock is a contract between a company and an employee that awards the employee the right to receive a cash payment based on the value of the stock at a future date (i.e. sale of the company).

What Is Profit Sharing and Is It Right For Your Company?

January 29, 2024

Profit sharing plans enable employees to receive a portion of a given company’s profits, which directly connects employees’ financial success to the company’s success.

Succession Planning: Exit Paths For Small Businesses

January 25, 2024

Deferring succession planning can leave you in a frantic, precarious state years down the road. And in a worst case scenario, failing to plan for your company's future can lead to a failed exit from your business. Luckily, preparing for tomorrow doesn’t have to be overwhelming or terribly time consuming, especially if you start early.

The Right Way to Think About Employee Compensation

January 18, 2024

Whether you employ one person or hundreds, all small business owners face the same issue: balancing attractive benefits with financial feasibility.

Common Myths of Employee Ownership

January 11, 2024

Employee ownership is often misunderstood, especially when it comes to applications within small businesses. This blog highlights the truths and myths of employee ownership, especially as it relates to phantom stock.

Why Invest in Employee Ownership?

January 8, 2024

The concept of employee ownership is meant to give staff a stake in a given business. But why should business owners consider investing in employee ownership in the first place?