Please join us for our free webinar on October 24, 2024 from 9:00a.m. – 10:00a.m. to learn about the benefits to converting to a cooperative as a business succession plan! This session will explore how transitioning to employee ownership can be a powerful way to secure your business’s future while rewarding your team. You’ll gain insights into the process, potential benefits, and success stories from other businesses that have made the shift. Whether you’re a business owner considering succession options or simply interested in the concept of employee ownership, this webinar is for you!
This webinar is free, but registration is required. Please contact Abby Grott (agrott@wisc.edu) with any questions or concerns.
Who should attend?
- Business owners starting to think about selling their business or retirement
- Community and economic development professionals
- Lenders, attorneys, advisors, and accountants that support business transitions
Why attend?
- Learn about the different employee ownership models: Discover the ins and outs of worker cooperatives, Employee Stock Ownership Plans (ESOPs), and Employee Ownership Trusts (EOTs). Understand how these models work and the unique advantages each offers.
- Developing a Successful Succession Plan: Get practical guidance on the process of developing a succession plan that ensures a smooth transition, continuity of business operations, and the empowerment of employees as owners.
- Learn about resources available to support business owners through and their employees though the transition to employee ownership.
Benefits of Converting to a Employee Ownership:
- Legacy Preservation: Selling your business to those who know it best is a great way to keep it thriving into the future. Employee-owned businesses have been shown to increase productivity and value, provide stability and resilience in economic downturns, and contribute to their communities in meaningful ways.
- Employees are Rewarded: Employee owned businesses provide employees with opportunities to engage in decision making, step into leadership roles, and share in financial successes of the business, often resulting in higher retention rates.
- Regional Impact: Employee-owned businesses keep businesses, jobs, services, and wealth in local economies.
- Owner Benefits: A fair market price is paid to the owner, tax benefits are available, and a transition that meets succession goals is planned for.
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Co-sponsored by:
