ESOP Companies Did Better During Pandemic
The CEO of the Employee-Owned S Corporations of America (ESCA), Stephanie Silverman, gave an interesting Q&A with PlanAdviser.com recently. Among other topics, she noted that employee-owned companies did better than non-employee-owned companies during the pandemic.
She also noted that there are two bills making their way through Congress which would encourage and enhance ESOPs and the benefits of selling to an ESOP. The bills include H.R.2258 - Promotion and Expansion of Private Employee Ownership Act of 2019 and a bill to amend the Internal Revenue Code of 1986 and the Small Business Act to expand the availability of employee stock ownership plans in S corporations, and for other purposes.