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2020 Exit Planning Checklist

Strategy Driven

The earlier you begin planning, the more options you will have for a successful exit. Review your Business Continuity Plan for life transitions and unexpected death or disability. Co-Owners would include a review of their Buy-Sell Agreement to ensure alignment with the current goals of all owners. DESIGN AND IMPLEMENT A PLAN.

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Profit Sharing Boosts Employee Productivity and Satisfaction

Harvard Business Review

But that began to change in the 1980s, most notably with the success of Japanese manufacturing multinationals such as Nissan, which brought in new systems characterized by team production. For instance, individuals who become part of all-employee share ownership plans (ESOPs) are given tax breaks to own their company’s stock.

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Treat Employees Like Business Owners

Harvard Business Review

And companies — except for the very smallest — can implement an employee stock ownership plan (ESOP), often funded through borrowing. At open-book companies, it’s part of everyone’s job to contribute to the success of the business. Just look at the supermarket industry to see such ownership in action.

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Why the U.S. Needs More Worker-Owned Companies

Harvard Business Review

By providing more workers and employees with opportunities to buy shares, companies can help workers and communities raise their standard of living and simultaneously feel more invested — literally — in the success of the enterprise. ESOPs typically allocate shares to employees in proportion to their pay.

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