News
-
The Retire Through Ownership Act establishes a clear federal standard for ESOP stock valuations, allowing fiduciaries to rely on qualified independent appraisals using established IRS principles. Read More About A Long-Awaited Win for Employee Owners: Congress Passes the Retire Through Ownership Act
-
DeWitt LLP law firm announced today that it represented J&R Schugel Trucking, Inc. (JRS) of New Ulm, Minnesota, in its October 31, 2025, acquisition by Interstate Personal Services, Inc. (IPS). The transaction involved two employee stock ownership (ESOP) entities, as well as JRS and its affiliated equipment leasing and freight brokerage entities. Over the course of approximately five months, a multi-disciplinary DeWitt deal team, including members from its ESOP, transportation and logistics, employment, and corporate practice groups, guided JRS through a complex, multi-million dollar transaction structured as a share exchange. Read More About DeWitt Represents J&R Schugel Trucking in Multi-Party ESOP Transaction
-
The U.S. Department of Defense has published a Rule to establish a pilot program to incentivize the federal government to issue contracts to employee-owned companies. Read More About Department of Defense Prioritizing Contracts with ESOP Companies
-
We asked ChatGPT to write a poem to celebrate October as Employee Ownership Month. Read More About ChatGPT Writes a Poem to Celebrate Employee Ownership
-
When they were in the U.S. Congress, Ron Kind (WI) and Erik Paulsen were strong supporters of employee ownership, and ESOPs in particular. Read More About Former Congresspersons Suggest ESOP's as Solution for Social Security Crisis
