June 22, 2023 | Virtual Lunch & Learn: Employee Ownership Succession Planning
As a business owner, what will your legacy be?
Join the North Carolina Employee Ownership Center (NCEOC) to explore succession planning and dive into how selling to your employees via an Employee Stock Ownership Plan (ESOP), worker cooperative, or Employee Ownership Trust (EOT) can be utilized to increase employee recruitment & retention, protect jobs, increase community wealth, and create a more vibrant, inclusive economy!
- Business owners have put a lot of hard work into their businesses, and many of them are looking to retire or move on to something new.
- Only a small percentage of businesses are passed down from generation to generation, and 80% of businesses never even sell.
- Selling to one’s employees ensures that the owner gets fair market value for their business and their employees keep their jobs.
Speaker(s): Lauren Tudor, Executive Director, North Carolina Employee Ownership Center (NCEOC); Kyle Chin-How, Chief of Staff, Apis & Heritage Capital Partners; Gale Marett, CFO, Salem Fabrication Technologies Group; Mike Willard, CEO, Salem Fabrication Technologies Group
When: June 22, 2023, 12:00-1:00 pm