Creative Strategies for Growing Organizations

ESOP Association Canada

The ESOP ASSOCIATION CANADA (Employee Share Ownership Plan)
is a non-profit organization founded in November 1990 for the purpose of promoting the concept of employee ownership for business in Canada. Employee ownership is an important tool for economic growth and restructuring business enterprises.

UPCOMING SEMINARS

Toronto, ON - October 16, 2008 - Perry Phillips will be speaking at a half-day seminar - Attract and Retain Key Employees with Proven Methods: ESOPs and More at Donalda Golf and Country Club, 12 Bushbury Drive, Toronto. More information at 1-866-601-3081 or click here for registration details.

Niagara-on-the-Lake, ON - October 21, 2008 - Perry Phillips will be speaking at a half-day seminar - Exit Planning for the Privately Owned Business Using ESOPs to Maximize Your Return at White Oaks Conference Resort & Spa, 253 Taylor Rd. SS4, Niagara-on-the-Lake. More information at 1-866-601-3081 or click here for registration details.

Calgary, AB - October 23, 2008 - Perry Phillips will be speaking at a half-day seminar on Employee Retention at MacEwan Conference & Event Centre, 2500 University Drive NW, Calgary. Details TBA.

Winnipeg, MB - October 29, 2008 - Perry Phillips will be speaking on Exit Planning October 29, 2008 at the Norwood Hotel, 112 Marion Street, Winnipeg. Details TBA.

Fredericton, NB - November 4 & 5, 2008 - Perry Phillips will be speaking. Details TBA.

Toronto, ON - November 12, 2008 - Perry Phillips will be speaking at a half-day seminar on Exit and Succession Planning at Lambton Golf & Country Club, 100 Scarlett Road, Toronto. Details TBA.

Hamilton, ON - November 14, 2008 - Perry Phillips will be speaking on Exiting Your Business with Maximum Value at a half-day seminar . Details TBA.

Cambridge, ON - November, 2008 - Perry Phillips will be speaking. Details TBA.



WHAT IS AN ESOP?
An Employee Share Ownership Plan (ESOP) allows employees, who qualify, to purchase shares in their employer's company, with or without the monetary assistance from the company. Employees can acquire shares, and ownership through and ESOP that can range from one per cent to 100 per cent. An excellent method for small business owners wishing to retire and sell their business.

The key aspect is that employees have an ownership stake in the company they work for, and share in the risks and rewards that accrue to it.

ESOPs are appropriate for companies of small to large size, in all kinds of industries. They are being used in Britain and other European countries, the United States and Japan. China is also experimenting with employee ownership.

Types of ESOPs

Currently, there are four types of ESOPs in Canada:

Does employee ownership work in Canada?

The most definitive study to date in Canada was done by the Toronto Stock Exchange, comparing ESOP versus non-ESOP public companies. For ESOP companies:

 

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