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January 6, 2016

SRDC Sponsoring Employee Ownership Seminar in Windsor on 1/29/16

Filed under: SRDC — admin @ 10:22 pm

The Vermont Employee Ownership Center (VEOC) is offering two free seminars in January. The first is aimed at business owners and key managers, and will focus on Employee Stock Ownership Plans (ESOPs) as a way to transition some or all ownership of a business.  The second is a technical intro to employee ownership for business advisors that will give attendees the tools necessary to advise their clients about employee ownership as an option for their business succession plan.  Lead presenters for both seminars will be Tabitha Croscut, a nationally-known ESOP attorney who is Managing Shareholder at Steiker, Greenapple & Croscut, P.C., and Chuck Coyne of Empire Valuation Consultants, a business valuator with over 25 years of professional experience providing financial consulting, business appraisals, ESOP feasibility and transaction consulting.

While attendance is free, advance registration is required.

The ESOP seminar for business owners and key managers will be offered in Windsor on Friday, January 29 from 10 AM to noon at the Windsor location of Harpoon Brewery (registration & details here).

Please note that ESOPs are generally only feasible in companies with at least 20 employees and an enterprise value of at least $2.5 million.  In the near future, the VEOC will be presenting a seminar on an alternative for smaller companies: selling to employees using the worker cooperative structure.  For more information: info@veoc.org

The seminar for business advisors will also be offered twice: in Burlington on Thursday, January 28 from 10:30 AM to 12:30 PM in the administrative offices of Gardener’s Supply Company (registration & details here), and in White River Junction on January 29 from 3:00 to 5:00 PM in the offices of Resource Systems Group (registration & details here).

Seminar co-sponsors are the Vermont Small Business Development Center, the Vermont Manufacturing Extension Center and the Regional Development Corporations of Vermont (of which SRDC is a member), with funding provided by the Vermont Agency of Commerce and Community Development.