Employee Stock Ownership Plans

Share some of the wealth with your employees.

Employee stock ownership plans (ESOPs) allow owners of privatelyheld companies to share ownership with their employees.Technically, ESOPs are defined-contribution employee benefit plansthat invest primarily in the stock of the employer company. Assuch, most ESOPs distribute the stock to employees as a benefit,rather than selling employees the shares. ESOPs are commonly usedto give retiring owners a way to cash out all or part of theirholdings without selling the entire company. But creating a marketfor shares of the company can also be used to raise funds forexpansion. ESOPs are easy to set up and are used by thousands ofemployers.

Excerpted from Grow Your Business

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

'This Made Me Physically Recoil From My Phone': Lingerie Brand Apologizes For 'Creepy' Ad Referencing Ryan Reynolds and Bras

Online lingerie retailer Harper Wilde is under fire for a bizarre sponsored post it has since pulled from Instagram.

Business News

Viral Sensation 'Popcorn Guy' Has Earned a Gig at the 2023 Oscars

Jason Grosboll first went viral on TikTok for his theatrical method of buttering popcorn in a Texas movie theater.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.