Here you’ll learn about employee ownership directly from our MNCEO experts. Get to know the employee-owned businesses already thriving in Minnesota, and find the inspiration to begin your journey toward employee ownership.
When it comes to succession planning, most business owners probably realize there are many important factors at play. But what exactly do they need to address during the process, and what questions must they answer to execute a successful transition?
Read MoreCorporate Governance is the process of allocating authority and responsibility among the company’s shareholders, board of directors and management. Many privately-owned companies have one shareholder who typically wears many hats — shareholder, director (usually the only one) and the CEO. There really is no question who runs these companies.
Read MoreShareholders and owners of closely-held businesses who are looking for the right exit strategy to diversify their portfolio and plan for the next phase of life have numerous alternatives to consider.
Read MoreAn employee stock ownership plan (ESOP) is required to have a trustee. Let’s learn more about their important role.
Read MoreA small-business owner is looking for an exit strategy and likes the idea of selling to their employees. But after investigating employee stock ownership plans, the owner decides that the upfront and annual costs of an employee stock ownership plan (ESOP) are too much.
Read MoreThe ERC has evolved since its inception, and the IRS has issued several rounds of guidance to help clarify the rules about how organizations can claim the credit. Here’s what your ESOP needs to know about qualifying for the ERC.
Read MoreForward-thinking business owners want to create a succession plan that preserves their legacy and benefits the organization. Understanding employee stock ownership plans, ESOPs, and how they can impact a business, the employees and a community can be a perfect option for savvy leaders to explore.
Read MoreGraybar is an employee- and retiree-owned, FORTUNE 500 distributor of electrical, communications and data networking products, based in St. Louis, Missouri. The company has more than 8,200 employees, 292 locations across North America and $7.3 billion in annual revenue (2020).
Read MoreAs COVID-19 restrictions begin to lift around the U.S., business owners are reevaluating how they can get their businesses back on track.
Read MoreToday, the Minnesota Center for Employee Ownership (MNCEO) released new data that reveals twin crises from the Silver Tsunami coupled with COVID-19 for businesses across Minnesota.
Read MoreI want to thank each of you for being an Employee Owner and I do hope that you catch the excitement of being a member of an ESOP company and can see how your contribution can benefit you and your fellow Employee Shareholders.
Read MoreAs you transition to the next stage of your career and consider the sale of the company you have worked so hard to build, one good option is an Employee Owned organization.
Read MoreAs an employee owned company, part of Long Haul’s mission is to ensure that not only is there focus on organic, healthy growth for the company, but for all individuals that one day hope to be members of their industry.
Read Morein 1983, after spending 18 years at 3M Company putting my degree as an industrial engineer from Iowa State University to use, with the help of a financial partner and a generous bank, I bought Windings, Inc.
Read MoreMany of you may have received Paycheck Protection Program (PPP) Loans. Once the loan has been received the next step is spending the proceeds on eligible expenses in the proper timeframe to achieve forgiveness of the loan.
Read MoreOur company dealt with COVID by increasing our communication with our employees. We quickly formed a pandemic response team and regularly provided updates on processes and procedures.
Read MoreLike most businesses, the Coronavirus has greatly affected the day to day operations of Minneapolis headquartered H2I Group. However, the 100% employee-owned company has not been YET significantly affected from an employee engagement and productivity standpoint.
Read MoreAs an entire generation of Baby Boomer business owners look towards retirement, a valuable new organization has launched; the Minnesota Center for Employee Ownership (MNCEO).
Read MoreOn March 9, 2020, a bill designed to stimulate the creation of employee-owned businesses and ultimately preserve jobs in Minnesota was introduced in the Minnesota Senate and referred to the Senate Taxes Committee.
Read More
