Employee ownership comes in several forms: employee stock ownership plans (ESOPs), worker cooperatives, and employee ownership trusts.
- Learn the basics from the National Center for Employee Ownership (nceo.org) and Project Equity, which explain the models and when each fits.
- If you own a business, talk to an advisor who specializes in employee ownership before deciding how to sell.
- Check for state centers: several states have employee ownership centers that offer free guidance.
- Share local success stories so owners nearing retirement know itβs an option.