Inside this Edition:
LETTER FROM THE PRESIDENT
ANNOUNCEMENTS
TRIBUTE TO AARON
CHAPTER OFFICERS
NEW PRESIDENT IN 2024
STATE CAPTAINS
AACE AWARDS
CHAPTER SPONSORS
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The ESOP Association
ESOP Association Resources
Dec. 14
Application Opening Soon
December 15, 2023 - February 15, 2024
Created by the Employee Ownership Foundation for children of employee owners
Dec. 12
Because of your amazing efforts, the Employee Ownership Foundation is thrilled to announce that October’s ESOPATHON has shattered last year’s fundraising total by $100,000, raising more than $512,000 in a single month! In addition, your support for ESOPATHON has helped the EOF raise more than $700,000 in 2023, another all-time high.
Dec. 07
Congratulations to the 2023 AACE Award Winners!
The AACE Awards honor and celebrate the greatest achievements in ESOP and employee ownership communications. Communicating and engaging with employee owners and the surrounding community is an essential part of an ESOP's success. This year’s winners were celebrated at the Employee Owned conference in Las Vegas earlier this month.
Dec. 05
Thank you to everyone who made The ESOP Association’s Employee Owned 2023 one of the largest and greatest gatherings of ESOPs and employee owners in history! With all the positive momentum for ESOPs and employee owners over the last two years, there was a great energy from the crowd throughout the entire three days of EO23, as employee owners convened at Caesars Palace in Las Vegas for a deep dive into The Future of Work.
Dec. 01
Welcome to your November Issue of the ESOP Report. This month we've packed the report with tons of articles and news about ESOPs that you won't want to miss!
Inside this Issue:
Inside this Issue:
Nov. 14
I’m sure you won’t be surprised when I make the statement “ESOPs are unique”. An ESOP is not like other privately held companies, and it’s definitely not like a publicly traded company. This is because ESOP employees are not just employees, they are also owners. Owners expect (and deserve) different things from their company and likewise, the company should expect a different level of engagement when sharing ownership.
Nov. 09
SYNTHETIC EQUITY SERIES – PART THREE OF THREE
This is the third in a series of articles covering components of the Internal Revenue Code (“IRC”) Section 409(p) test, which is specific to S-corporation ESOPs. The first article discussed the items required for the test, one of which is information on any outstanding synthetic equity awards. The second article defined and described common forms of synthetic equity for 409(p) purposes. We recommend that you review these two articles before proceeding, as this article presumes knowledge of the concepts discussed in them.
This is the third in a series of articles covering components of the Internal Revenue Code (“IRC”) Section 409(p) test, which is specific to S-corporation ESOPs. The first article discussed the items required for the test, one of which is information on any outstanding synthetic equity awards. The second article defined and described common forms of synthetic equity for 409(p) purposes. We recommend that you review these two articles before proceeding, as this article presumes knowledge of the concepts discussed in them.
Nov. 07
Happy Employee Ownership Month! It’s a special time for a special community. Employee owners nationwide celebrate with tremendous pride. It’s a great time to reflect on the 11 million-plus employee owners in America who not only enjoy the individual benefits that accompany employee ownership, but also the contributions to communities and the social good that employee ownership adds. We know we have a cause worth celebrating but also one – in the very nature of employee ownership – worth sharing.
Nov. 02
From Oregon to Massachusetts and from Minnesota to Florida, TEA’s Chapter team logged some serious miles in October, hosting chapter and regional fall conferences across America.