And as I have mentioned before here and a few other food oriented web places this is exactly what the original owners of the King Arthur FlourCompany did ! They are now a ESOP, that is a Employee Stock Ownership Program. It is basically a retirement trust/retirement plan.
I know all about these because I did it my myself with 88% of my stock. Upon my retirement in 8 years, I will do the rest. Everyone who works with me are Employee/Owners. Its a great motivational tool and has lots and lots of great tax ramifications.
very cool, New news to add to this:
http://www.thefreshloaf.com/node/16341/bob039s-red-mill
And as I have mentioned before here and a few other food oriented web places this is exactly what the original owners of the King Arthur Flour Company did ! They are now a ESOP, that is a Employee Stock Ownership Program. It is basically a retirement trust/retirement plan.
I know all about these because I did it my myself with 88% of my stock. Upon my retirement in 8 years, I will do the rest. Everyone who works with me are Employee/Owners. Its a great motivational tool and has lots and lots of great tax ramifications.