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Entries by Andy Manchir

October Is Employee Ownership Month

Posted 12:45 PM by
In today’s business environment, companies across the country have had to identify new paths towards success and adapt to meet unexpected challenges and work situations. These entrepreneurial steps are not new to employee-owned companies, where high-levels of engagement, transparency, and idea sharing are common.
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How COVID-19 May Impact ESOP Valuations

Posted 7:00 PM by
ESOP employee-owned companies have a unique issue to consider during these challenging times: how does the COVID-19 pandemic impact ESOP valuation? Each company’s situation will be uniquely impacted by factors including the ESOP plan document, the valuation date, and the size of the ESOP stock distributions required for this plan year. For employees who help administer their ESOP plan or serve in a fiduciary role, the following observations about valuation and benefit plan concepts can help determine the best actions to take.
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What's Driving the Value of Your Trucking Company?

Posted 5:30 PM by
For any privately held company, the topic of valuation frequently resonates with its owner. There are numerous factors that impact the direction of valuations, and it is certainly a challenge to keep track of, let alone influence, the abundant drivers of value. In the last two years alone, company valuations have been positively impacted by tax reform and an overall rising stock market. Trucking company valuations have also been negatively impacted by certain industry trends: driver shortages, volatile fuel prices, and excess capacity.
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Partial ESOP Ownership as an Exit Strategy

Posted 1:15 PM by
According to the National Center for Employee Ownership (NCEO), the United States has over 6,600 Employee Stock Ownership Plans (ESOPs) with nearly $1.4 trillion in total assets. While ESOP companies are not required to report ownership percentages, the NCEO estimates that only 30% to 40% of those ESOPs are 100% employee-owned.
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Driving the Value of Your Trucking Company

Posted 4:00 AM by
Valuation is always a topic of great interest to transportation company owners. Many companies today are successful because they made the difficult decisions necessary to operate through the Great Recession.
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A Beginner’s Guide to ESOPs: Why Your Employees Might Be Your Best Succession Plan

Posted 12:00 PM by
Chances are, you have been giving this question some thought lately. You and your fellow shareholders (if you have them) might be discussing options such as selling to a competitor or to another third party. Maybe you have even discussed selling the business to a group of key managers.
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