Consider Sharing Ownership With Your Crew

Are you looking for a way to foster a stronger sense of team spirit among your employees? Are you nearing retirement and wondering about your exit plan? Do you have a family-owned company and no family members interested in picking up the reins when you’re ready to hand them over? Any or all of those situations — and perhaps a few others — might offer a reason to consider a novel approach to restructuring your business: turning it over to your employees.As a concept, employee ownership goes back decades. Legislation passed in the 1970s created tax incentives to encourage it, and