Tim Stewart has been our ESOP attorney for five years. We initially hired him because of his deep technical expertise on ESOP plan design and administration. We were very impressed by Tim's knowledge when we saw him speak and networked with him at ESOP Association...
To build an ownership mindset, we must engage employees. How to do it? Employee engagement is about honoring, recognizing, and uplifting people. It’s about showing them they are valued and connected to something bigger than themselves that really matters. It’s about...
One Source worked closely with Tim Stewart to form our ESOP Trust and draft all the relevant documents in 2014. Then in July of 2015 as we got ready to close, Tim worked tirelessly accumulating the massive piles of documentation required to get the transaction done....
It is no surprise the baby boomers, born between 1946 and 1964, are looking to retire as they turn age 65 at a rate of 10,000 a day for nearly the next two decades. Sixty-two percent of U.S. companies are planning to sell all or some of their stock within the next fi...
By: Daniel M. Zugell, CLU, ChFC, LUTCF and Samuel A. Landman J.D., LL.M. With 10,000 baby boomers (those born between 1946-1964) turning 65 each day for the next two decades, it is no surprise that most are looking to retire. According to a recent Price Waterhouse...
History of ESOPs in S Corporations Daniel M. Zugell, CLU, ChFC, LUTCF Pete Shuler Fred H. Thomas History of ESOPs in S Corporations In 1996, Congress passed the Small Business Job Protection Act,[1] which allowed a trust associated with an employee benefit plan to...
Two bills have been recently introduced in the United States Congress to promote employee ownership to perpetuate American businesses and provide retirement security to the American workforce. Both H.R. 2096 and S. 1212 bills are titled “Promotion and Expansion of...
BACKGROUND Pet food component manufacturer Business consists of 3 LLCs 2 main owners in early 50's 3 locations with hundreds of employees Very low basis Large relative AAA attributable to main owners GOAL Main owners want to retain control Owners want partial...
BACKGROUND Work includes highway and bridge construction, overlay projects, water/ sewer construction, and sewage treatment plant construction C Corporation 4 shareholders Approximately 21 non-union employees Company value $20,000,000 GOAL Shareholders looking for an...
I rate Patrice 5/5 stars. She's an excellent communicator and responds very promptly to questions. Her valuation report was very detailed, thorough and easy to read. It addressed all the Department of Labor requirements in conjunction with the Great Bank agreement....