The Family Business and Employee Ownership
Steve Magowan, Steiker, Fischer, Edwards & Greenapple PC
Dann Van Der Vliet, University of Vermont
Giles Willey, Vermont Systems
Can an ESOP work in a family-owned business that wants to maintain aspects of family ownership? What are the issues that are unique to this situation? This session will review how ESOPs and family ownership can work together to enhance family succession planning – including estate planning – and to reward employees. The experience of a very successful Vermont family-based ESOP company will be explored.