What if the ESOP is sold? How do I know my legacy will last? Is there a way to “lock in” the ESOP so that the trustee and the employees can’t sell the ESOP shares? How can I establish an employee ownership program that will survive as long as the company does?
This article outlines a method of transferring ownership of a firm to employees through use of the intentionally defective grantor trust, making comparisons with the traditional use of an employee stock ownership plan in employee succession planning.
For those who have invested substantial amounts of time and effort in founding or growing a worker cooperative — some natural questions arise. How can we make sure that the business remains a worker cooperative? How can we prevent the business from being sold?
Is there a difference between “economic democracy” and “cooperativism”?
In the past year, over a dozen investors made an amazing commitment to the future of worker cooperation and worker-controlled enterprise by investing in Workers Diner. These investments signaled the potential for a new method of raising startup capital for worker cooperative businesses.