Welcome to the first ESOP Report of 2021! This issue is packed with must read articles including all the information you'll need about TEA's new Group Captive Insurance Plan!
The ESOP Association
ESOP Association Resources
Jan. 14
See the PDF to the right for a map and list of pre-convening freshman in Congress. A pre-convening freshman is a Member who won a seat in the general election. This category also includes people who won a special election prior to the first meeting of a new Congress.
Freshman members are important targets for outreach because they may or may not know about ESOPs and Employee Ownership.
Freshman members are important targets for outreach because they may or may not know about ESOPs and Employee Ownership.
Jan. 06
WASHINGTON – The Treasury Department and the Internal Revenue Service issued guidance today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program (PPP).
Apr. 27
There has been a clear shift in the political environment propelled by public discussions of certain large, public companies obtaining loans under the Paycheck Protection Program (the “PPP”) authorized by the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), including Shake Shack, Ruth’s Chris and others[1]. During this time, many small businesses have been quoted in the press expressing frustration with their inability to access the PPP program prior to the first round of guarantee authority being exhausted.
Apr. 24
New guidance assures that ESOP companies are eligible for key federal relief under the Paycheck Protection Program.
Apr. 24
New guidance and a resource page from the EEOC can help reduce risk as employers make plans to reopen their businesses.
Apr. 22
Congress and the Trump Administration have reached a deal on a new round of coronavirus aid entitled the Paycheck Protection Program Increase Act of 2020. The ESOP Association has remained aggressively engaged with key leaders in Congress and the White House to ensure ESOPs and employee owned businesses remain front of mind as legislation is drafted.
Apr. 08
Washington Alert: Senators Tell SBA That ESOPs Qualify for Relief, Urge Clear Instruction to Lenders
In response to TEA request, two influential Senators take action to clear the way for ESOPs to receive PPP funds.
Apr. 03
April ESOP Report Now Available
The April edition of the ESOP Report is now available online for members of TEA.
This month's edition is special. In our expanded ESOP Report you will find articles about all the new member benefits we are providing to help our members weather the current health and financial crisis. We hope this month's newsletter becomes a valuable resource for your employee owners or, for our professional members, your clients.
The April edition of the ESOP Report is now available online for members of TEA.
This month's edition is special. In our expanded ESOP Report you will find articles about all the new member benefits we are providing to help our members weather the current health and financial crisis. We hope this month's newsletter becomes a valuable resource for your employee owners or, for our professional members, your clients.
Apr. 02
Sharing these three informational resources with your employee owners can help them grapple with today’s challenges.