Business Succession & ESOPs :: In The News
- How to prepare to sell your company
- Smart Business, May 2012, Eric Duffee, interviewee
- Selling your company can be one of the biggest transactions of your life. There are several options to consider before beginning the process of selling your business.
- Cash Balance Pension Plans
- Columbus Business First, August 26, 2011, Tim Jochim, author
- There are several items to address when discussing income tax, payroll tax and how to implement tax credits for job-creating investments.
- Moving On
- Smart Business, August 2011, Chuck Kegler, interviewee
- The task of developing a plan for your business after you’re gone can seem unmanageable, however with guidance it can be done.
- Corporate Governance in ESOP Companies
- Financier Worldwide, February 2011, Tim Jochim, author
- Corporate governance can be the legal and functional relationship among the shareholders, directors and officers of a corporation. Thus, Employee Retirement Income Security Act (ERISA) can affect corporate governance and its ESOPs.
- The Role of ESOPs in Private Equity Deals
- Financier Worldwide, August 2010, Tim Jochim, interviewee
- Control is an important factor for PE firms entering ESOPs and there are several issues to consider when doing so.
- ESOPs Bring Tax, Productivity Benefits
- Columbus Business First, July 25, 2010, Tim Jochim, interviewee
- Companies’ nationwide offer ESOP to the employees and Ohio is home to the country’s largest ESOP company.
- Succession Planning
- Smart Business, March 2010, Tim Jochim, interviewee
- The key to the long-term success is the management quality of the business, no matÂter who owns it. This is an area where owners of closely held or family-owned businesses probably don’t spend enough time, especially early on in the planning and development stage.
- How to Get “Success” Out of Succession Planning
- The Contractor’s Compass, 2Q 2009, Tom Sigmund, author
- Business succession planning is inherently complex. It requires a comprehensive, dynamic and integrated system of business solutions, ranging from management succession and executive comp… to financial and estate planning.
- Profit from Empowerment
- Dayton Daily News, Tim Jochim, interviewee
- Employee-owned companies can have an edge, which empowers workers and makes their input valuable.
- Engineering on an Ambitious Growth Track without Giving Up Control
- Firm Foundations, October 2008, Tim Jochim, interviewee
- CTL Engineering faced selling the company and was challenged when deciding how to become the controlling shareholder without sacrificing the ESOP structure.
- Sophisticated Systems Founder Selling Company Stake to Employees
- Columbus Business First, May 16, 2008, Tim Jochim, interviewee
- Many business owners focus on the tax implications of ESOPs but the primary benefit is long-term continuity.