Useful Links to Help Navigate Thru the Current Financial Crisis
· IRS: Coronavirus Tax Relief Guidance and Resources
https://www.irs.gov/coronavirus
· Deadline to File Taxes is Extended Until July 15, 2020
https://www.nytimes.com/article/coronavirus-money-unemployment.html#link-4919c522
· SBA Disaster Loan Application for Businesses Impacted by Coronavirus
https://www.sba.gov/funding-programs/disaster-assistance
· Disaster (Forgivable) Loan Assistance
https://covid19relief.sba.gov/”
· Facebook Small Business Grants Program Offering $100M in Cash Grants
https://www.facebook.com/business/boost/grant
· Emergency Family Medical Leave Act Federal Support
https://www.employmentlawbusinessguide.com/2020/03/emergency-paid-leave-related-to-covid-19-signed-into-law-and-takes-effect-april-1-2020/
· $2 Trillion Coronavirus Stimulus Bill Details
https://www.cnn.com/2020/03/25/politics/stimulus-package-details-coronavirus/index.html
· FAQ on Stimulus Checks, Unemployment and the Coronavirus Plan
https://www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.html
· Coronavirus Stimulus Bill Relief for Retirees with RMD Waiver and Penalty-Free 401(k) Withdrawals
https://www.washingtonpost.com/business/2020/03/30/coronavirus-stimulus-cares-act/
· The Full CARES Act ($2 Trillion Stimulus Bill)
https://www.documentcloud.org/documents/6819239-FINAL-FINAL-CARES-ACT.html
H.R. 6201 Would Expand Medical Leave for EE's Affected by CoVid-19
Please stay diligent, safe and healthy… Meanwhile, there are major changes being proposed in D.C. for employers whose employees are affected by COVID-19.
ESOPs Are Not Just For Exiting Anymore!
There are many misconceptions about ESOP plans including that if you’re not exiting the business right now, you and your business will not benefit from an ESOP. Here is a terrific article from cnbc.com on how ESOPs helped a technology company in western MA overcome their high employee turnover by implementing an ESOP. When implemented the right way, an ESOP plan can help empower employees and has a positive affect on the overall culture of a business.
ESOP Nuts & Bolts: What You Need to Know About Employee Stock Ownership Plans
If you’re interested in learning more about ESOPs and are located in the New England region, join NCEO and ROI Cubed on June 27th in Meriden, CT when we present on the basics of ESOPs. The presentation is scheduled to take place at BL Companies, 355 Research Parkway, Meriden, CT from 9:00 to 3:00. BL Companies is an ESOP-owned company.
You must register for this event. To register for the event, read the event’s agenda, or find out more about the NCEO (the National Center for Employee Ownership), please click below:
> Click here to register
ROI Cubed to Present at ESOP Conference
This year, ROI Cubed will once again be presenting at the National Center for Employee Ownership (NCEO) conference scheduled to be held in Pittsburgh, PA April 9th thru the 11th. George Raftopoulos of ROI Cubed will be speaking on the topic of preparing your company before an ESOP is contemplated in order to get the most value out of the transaction. The NCEO annual conference is the nation’s premier gathering on employee ownership, and the conference provides attendees an ideal opportunity to learn, network and share their experiences, if they’re already an ESOP company. For business owners considering an ESOP as a potential transaction, the annual conference provides an excellent learning venue. For more information, click below:
The Power of Changing 1 Habit - What it Did for Alcoa in the Last Century
What a speech about safety and changing one habit did for a multi-million dollar company (in the late 80s). Read about CEO Paul O’Neill’s speech to shareholders in 1987. Shareholders walked out in disgust, yet this speech about safety and culture and changing just one habit helped set the new mission for Alcoa and propelled it into one of the most profitable companies of the 90s. Imagine the impact simple paradigm shifts can have in your organization and what it can do to your enterprise value!
ESOPs Can Have Powerful Cultural Influences for an Organization
ESOP companies enjoy many benefits that eventually affect and promote the overall growth within a company. Here is a video from the NCEO on how an ESOP has influenced one particular company.
Please contact us if you’d like to learn more about how an ESOP can help you attain your personal financial goals, promote a powerful cultural change and grow your company over time. There are various tax and cultural benefits that make ESOPs a viable exit strategy for business owners looking at their future succession plans.
New Offices for ROI Cubed, LLC
We are holding an Open House at our new office location, Two International Drive, Suite 112, Portsmouth, NH on Saturday, January 12th starting at 11:00. Refreshments & hors d’oeuvres will be served. All are welcome.
Two Grants Boost Support for Business Ownership Transitions in Rural Maine
The Cooperative Development Institute has received two grants totaling more than $400,000 in public and private funds to support business ownership transitions in rural Maine.
By Staff at Mainebiz | October 29, 2018
READ MORE>>
Why the U.S. Needs More Worker-Owned Companies
The gap in wealth in the United States between the ultrawealthy and everyone else has reached its widest point in decades. One way to narrow the divide is through the use of worker buyouts, in which ownership of a company transfers from a single person or a small number of people to the workers of the company.
By Peter Walsh, Michael Peck, and Ibon Zugasti | August 8, 2018
Report Finds ESOPs Have Outperformed S&P 500
Private employee stock ownership retirement plans (here limited to S corporation ESOPs) outperformed the S&P 500 total return index in terms of total return per participant by 62% from 2002 to 2012, according to a study by Ernst & Young (EY).
By Noel Couch | March 31, 2015
Importance of Business Assessments and What We Do
The process of selling a business has become more complex today. Buyers are more cautious and much more rigorous in their due diligence efforts due to the Great Recession. A big reason why a deal fails is that owners do not plan early enough to sell their business. GEM Strategy Management’s experience proves that CEOs and owners should maximize the business value before putting it up for a sale.
By Gary Miller | November 1, 2017
Is an ESOP the Right Exit Plan for Your Business?
"Is an ESOP the Right Exit Plan for Your Business?" is featured in the October 2016 issue of Business NH Magazine. It was written by our very own, George Raftopoulos. Click the magazine below to read the full article.
The Importance of Enhancing Business Value Before Sale
When it comes to selling a business, owners would do well to set aside their own views of value and look at their companies through the eyes of a potential buyer. The stronger the acquisition target is for a buyer, the better the chances that a business will fetch a premium at time of sale.
So what is the best way for a seller to strengthen the business and win the buyer’s beauty contest?
By Gary Ampulski | August 2, 2016
Boardrooms Recognize their Companies' Priorities; Our VOP Assessment Can Help Bring these Priorities to Maximum Profit
Constellation Research surveyed over 200 CXO’s and identified 10 board room priorities for 2015. As anticipated, digital transformation has emerged as a significant board room topic and market leaders and fast followers seek guidance on what elements are required in the design to support
Digital Transformation is defined as methodology in which organizations transform and create new business models and culture with digital technologies. The driver for digital transformation stems from the fact that since 2000, 52 percent of companies in the Fortune 500 have either gone bankrupt, been acquired or ceased to exist.
By R "Ray" Wang | December 17, 2014
