Employee Ownership Blog

Ron Kind (D-Wis.) and Erik Paulsen (R-Minn.), both former U.S.

Annual elections for our board of directors will take place in January, and NCEO members in good standing are invited to nominate themselves or other members during the nomination window, from now until December 8.  

Our friends at the Employee-Owned S Corporations of America (or ESCA) have reported that they've had constructive dialogue with the IRS regarding their recent press release on ESOPs

On September 5, the Pennsylvania Center for Employee Ownership (PaCEO), in conjunction with the Pittsburgh City Council and the Heinz Endowments, launched the U.S.’s first citywide task force on employee ownership.

On September 6, Missouri Governor Mike Parsons signed S.B.

Although we may not feel it in the air, the holiday season is quickly approaching. Before the rush of preparation overcomes us, I’d like to take a moment to look back at the year so far and thank our members and supporters for making it a great one.

It has been just over 100 days since the Employee Ownership Expansion Network and the National Center for Employee Ownership announced the official collaboration of our organizations at the NCEO conferen

Last week, I had the opportunity to attend the first day of the 2023 National Employee-Owner Summit in Downers Grove, Illinois. The two-day event, which is a collaboration between the NCEO and the OEOC (Ohio Employee Ownership Center), is moderated by the OEOC and offers non-managerial employee-owners the opportunity to learn from and interact with their peers from other ESOP companies through informational sessions, structured exercises, small group discussions, and even games.

ESOP advocates have long urged the Department of Labor (DOL) to establish clear guidelines for adequate consideration requirements in ESOP transactions. Today, Bloomberg Law reported that DOL Assistant Secretary for Employee Benefits Security Lisa Gomez stated that proposed regulations on the ESOP adequate consideration requirements will be issued by year’s end.

On August 9, the IRS issued a press release warning about tax avoidance in employee stock ownership plan (ESOP) transactions.

BDO USA, the U.S.’s sixth-largest accounting and advisory firm, announced it will set up an ESOP that will buy a substantial minority interest in the company.

The IRS issued a news release on August 9 stating that as part of “an expanded focus on ensuring high-income taxpayers pay what they owe,” it was warning “businesses and ta