ESOP and Worker Owned Cooperatives Resources

Tax Treatment of ESOPs: Your Guide to Internal Revenue Code Section 1042

Shareholders 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.

Article, Resources for CPAsMelissa SwinkMay 21, 2022ESOP, Taxation

Succession Searching Out the Culture That Matches Your Objectives

Roger Ryberg presents on succession planning at NCEO conference.

WebinarMelissa SwinkMay 10, 2022Succession Planning, ESOP

Rainbow Treecare Testimonial

When Rainbow Treecare started back in 1976, protecting elms from Dutch Elm disease, it was unexpected that one day we would be comprised of 7 companies working together.

TestimonialsMelissa SwinkApril 26, 2022Succession Planning, ESOP

Role of the Employee Stock Ownership Plan Trustee

An employee stock ownership plan (ESOP) is required to have a trustee. Let’s learn more about their important role.

Article, Resources for CPAsMelissa SwinkMarch 9, 2022Employee Ownership

An Underused Business Succession Tool: The WOC

A 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.

Article, Resources for CPAsMelissa SwinkFebruary 21, 2022Worker Cooperative

What is an ESOP Feasibility Study?

Simply put, an ESOP feasibility study evaluates certain metrics and aspects of your business to determine if becoming an ESOP makes sense. Let’s look at Phase 1 and Phase 2 of the study.

ESOP, FAQMelissa SwinkJanuary 31, 2022ESOP

Nina Hale Testimonial

Learn both why and how Nina Hale, the former owner of Nina Hale, Inc. in Minnesota decided to go the employee ownership route, converting her business to a 100% employee-owned employee stock ownership plan(ESOP).

TestimonialsMelissa SwinkJanuary 25, 2022Succession Planning, ESOP

Employee-Owned Companies Can Take Advantage of the Employee Retention Credit

The 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.

Article, Resources for CPAsMelissa SwinkJanuary 17, 2022Worker Cooperative, ESOP

Hunt Electric Testimonial

Megan Clyne, Human Resource Manager shares what employee ownership means to her.

TestimonialsGuest UserJanuary 6, 2022Succession Planning, Exit Strategy

What You Should Know About Financing an ESOP

Forward-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.

Web Article, Article, White Paper, Resources for CPAsGuest UserJanuary 4, 2022Finance, ESOP

Business Succession Planning: 5 Key Resources

Looking for a quick bird’s eye view of Employee Ownership resources throughout Minnesota? Check out this article written by Minnesota Chamber of Commerce business owners looking for business succession support.

Footnote Magazine - September 2021 Issue

Featured in the Minnesota Society of CPA's September Footnote magazine, Sue Crockett explains the upcoming fate for many baby boomer owned businesses.

Web Article, Media Coverage, White PaperAlex VandeHeiDecember 9, 2021Worker Cooperative

Eight years after employees took ownership, Long Haul Trucking is in high gear

In an industry that focuses on profit and expect a 75%+ turnover rate, we support Long Haul Trucking and their endeavors to put their drivers first.

Web Article, Media CoverageAlex VandeHeiDecember 9, 2021Worker Cooperative, ESOP

Intro to Succession Planning and Employee-Owned Business Models

The Nexus Community Partners hosted a presentation titled, “Introduction to Succession Planning and Employee-owned Business Models” to debunk common misconceptions about Worker Cooperatives.

Web ArticleAlex VandeHeiNovember 19, 2021Worker Cooperative

Why Employee Ownership is an Increasingly Popular Perk

Employee ownership is also an empowering tool for business, offering employees value, purpose and wealth in exchange for their tenure. These offerings are motivating, leading to increases in productivity and boosting bottom lines.

Web Article, Media CoverageAlex VandeHeiNovember 16, 2021Worker Cooperative, ESOP

Is an ESOP the Right Exit Strategy for You?

While many businesses in the next two decades may pass to the next generation, a large portion of them will be sold — many of them to an Employee Stock Ownership Plan, or ESOP. How do you know if an ESOP is a good option for your company?

Web Article, Media Coverage, White PaperAlex VandeHeiNovember 3, 2021ESOP, Employee Ownership

Frequently Asked Worker-Owned Cooperative Questions

Learn the answers to the most frequently asked questions about Worker Owned Cooperatives here!

FAQAlex VandeHeiNovember 1, 2021Worker Cooperative

How to Prepare a Proper Exit Strategy - with Nina Hale

On May 5th, Nina Hale, former owner of Collective Measures, shared her experience with employee ownership and how to prepare your business with a proper exit strategy.

Media CoverageAlex VandeHeiOctober 29, 2021Succession Planning, Exit Strategy

Windings Inc. Testimonial

Listen to Roger Ryberg, the former owner of Windings, Inc., in New Ulm, Minnesota and Dean Boelter, a recently-retired employee-owner from Windings, describe all the reasons an ESOP (employee stock ownership plan) is right for your company.

TestimonialsAlex VandeHeiOctober 29, 2021Succession Planning, Exit Strategy