8 Articles
8 Articles
Findorff construction becomes 100% employee-owned
Findorff, one of Madison’s oldest construction companies, has officially transitioned to 100% employee ownership. The Employee Stock Ownership Plan, which is a qualified retirement plan that gives Findorff employees an ownership stake in the company, marks a significant step in aligning its business practices with its core values of trust, integrity and innovation, according to the Findorff website. Over 140 Findorff employees have ties to the U…
Employee Ownership Trusts (EOTs) in a Nutshell (Podcast)
An increasing number of owners are selling their businesses to their employees via an Employee Ownership Trust (“EOT”). When structured correctly, an EOT attracts 0% Capitals Gains Tax, can achieve full commercial value and can typically be completed in a shorter time frame than a traditional third-party business sale. In this episode, we look at what Employee Ownership Trusts are, how you can sell your company to an EOT and why you might do it.…
BizTimes Milwaukee: Construction firm Findorff becomes 100% employee owned - Wisconsin Technology Council
Madison-based construction firm Findorff, which also has offices in Milwaukee and Wausau, announced today that it has become a 100% employee-owned company under an Employee Stock Ownership Plan (ESOP). The ESOP, a qualified retirement plan, gives employees 100% ownership of the company through stock allocations. “Our success is a direct result of our people, and we
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