Friday, October 26, 2007

Legislative Language of ESOP Proposal Revealed

The following is a Legislative Alert that was sent to members of The ESOP Association today.   Section 3701 of HR 3970, by Congressman Charles Rangel, is the ESOP S Corp provision about which we wrote to you yesterday.  You can read this provision and the entire bill by going on the Ways and Means website, and clicking on the left hand side, under Hot Topics, the live connection to the language of HR 3970, which is labeled as "HR 3970, The Tax Reduction and Reform Act of...

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Posted by ESOP at 8:30:37 AM in Government Affairs (68) | Comments (0)

Thursday, October 25, 2007

House Ways and Means Committee Proposes Cutback in Benefits of Stock Options in S ESOP Companies

The following is a Legislative Alert that was sent to members of The ESOP Association today.   While precise legislative language is not available at this time, a summary of legislation introduced today by Chair of the House Ways and Means Committee, Charles Rangel [D-NY], has as a so-called loophole closer, a provision that impacts an S ESOP corporation’s granting stock options to employees. Note, the proposal does not impact the underlying tax treatment of the S corporation’s...

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Posted by ESOP at 1:09:06 PM in Government Affairs (68) | Comments (0)

Friday, October 19, 2007

Three ESOP Association Members Named 2007 Top Small Workplaces

Three members of The ESOP Association have been named among the Top 15 Small Workplaces. Congratulations to Phelps County Bank of Rolla, MO, Reflexite of Avon, CT, and Restek Corporation of Bellefonte, PA.  This is the first annual list of the best small businesses in the U.S. which was compiled by The Wall Street Journal and Winning Workplaces, a nonprofit group which provides consulting services to small businesses.   On October 1, 2007, the winners were featured in a special small...

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Posted by ESOP at 10:52:07 AM in Members (27) | Comments (1)

Tuesday, October 16, 2007

ESOP Association President Discusses Employee Ownership and ESOPs

J. Michael Keeling, President of The ESOP Association, recently appeared on Conversations with Harold Hudson Channer, a public access cable television series in New York City, to discuss employee ownership in America.   Mr. Channer has been hosting Conversations for over 30 years and has interviewed both Dr. Louis O. Kelso and Former Senator Russell Long. For additional information about Conversations with Harold Hudson Channer, visit www.channer.tv.   The interview has been...

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Posted by ESOP at 9:56:26 AM in ESOP Message (39) | Comments (0)

Thursday, October 11, 2007

Segregated Accounts Question from Reader

One of the Employee Ownership Blog readers posed this question regarding segregated accounts –   With the implementation of Segregated Accounts, is there a fiduciary responsibility to fund the SIA account sooner, since terminated participants no longer have a Capital Stock Account and the benefit derived from Capital Stock growth?  Regardless of the OIA/SIA investment mix, should that discretionary contribution be funded so the invested assets are employed 12 months...

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Posted by ESOP at 10:21:20 AM in Members (27) | Comments (0)

Monday, October 08, 2007

Employee Ownership Month – What are you doing?

October is Employee Ownership Month, the celebration of the incredible spirit of employee ownership. For almost 20 years, the employee ownership community has been celebrating with company picnics, roundtable discussions, and activities to increase team work. It’s an opportunity to educate employee owners about the benefits of ESOPs and a time to educate elected officials and the public as to why employee ownership through ESOPs is good policy.   What will you be doing this...

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Posted by ESOP at 10:35:44 AM in Employee Ownership Month (9) | Comments (2)

Monday, October 01, 2007

Employee Ownership Blog - Why?

Why, you may be asking yourself, do we need an employee ownership blog? There are blogs out there dedicated to ESOPs and employee ownership and they are doing a good job of discussing the topic. Why one more?   Well, why not one more? We’ve been saying for years how important it is to foster discussion about employee ownership and how it will make American businesses better, more successful and now we’re heeding our own advice. This blog is dedicated to...

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Posted by ESOP at 10:33:01 AM in Blog / MISC (16) | Comments (6)