Seminars on Employee Ownership Announced, Jan 28,29
The Vermont Employee Ownership Center
is offering two free seminars in January, both to be offered at two
locations. The first is aimed at business owners and key managers, and will
focus on Employee Stock Ownership Plans (ESOPs) as a way to transition some
or all ownership of a business. The second is a technical intro to employee
ownership for business advisors that will give attendees the tools necessary
to advise their clients about employee ownership as an option for their
business succession plan.
Lead presenters for both seminars will be Tabitha Croscut, a nationally-known
ESOP attorney who is Managing Shareholder at Steiker, Greenapple & Croscut,
P.C., and Chuck Coyne of Empire Valuation Consultants, a business valuator
with over 25 years of professional experience providing financial consulting,
business appraisals, ESOP feasibility and transaction consulting.
1. The ESOP seminar for business owners and key managers will be offered
twice:
• Burlington on Thursday, January 28 from 1:00 to 3:00 PM in the
administrative offices of Gardener’s Supply Company. Cindy Turcot, COO of
Gardener’s Supply, will tell the story of their ESOP, implemented in 1987.
Registration & details here.
• Windsor on Friday, January 29 from 10 AM to noon at the Windsor location
of Harpoon Brewery. President Charlie Storey will describe the sale of 48% of
company stock to an ESOP in 2014. Registration & details here.
Please note that ESOPs are generally only feasible in companies with at least
20 employees and an enterprise value of at least $2.5 million. In the near
future, the VEOC will be presenting a seminar on an alternative for smaller
companies: selling to employees using the worker cooperative structure. For
more information: [email protected]
2. The seminar for business advisors will also be offered twice:
• Burlington on Thursday, January 28 from 10:30 AM to 12:30 PM in the
administrative offices of Gardener’s Supply Company. Registration &
details here.
• White River Junction on January 29 from 3:00 to 5:00 PM in the offices of
Resource Systems Group. Registration & details here.
While attendance is free, advance registration is required.
Seminar co-sponsors are the Vermont Small Business Development Center, the
Vermont Manufacturing Extension Center and the Regional Development
Corporations of Vermont, with funding provided by the Vermont Agency of
Commerce and Community Development.
United States