ABRC-ESOP

One of the biggest barriers to employee ownership is that many business owners or executives simply do not understand how it works. They make assumptions about these plans that inaccurately lead them to believe it could not work for their kind of business. For example, they wrongly think that the only way that employees can become owners is to actually buy shares or believe that ESOPs give employees the right to elect management.

Often, their accountants or lawyers tell them that employee ownership would not work for them, sometimes out of ignorance, sometimes because they fear that if the company goes in that direction, they might lose their business to another adviser more expert on employee ownership. (ESOP Report)