How can an ESOP help your regional business compete with larger, national firms? The answer: By putting your company’s money where its mouth is. In Q3 2019, Menke & Associates, Inc. assisted innovative landscape architecture and urban design firm MKSK in successfully converting to 100% employee ownership. MKSK was born out of the 2011 merger…
MKSK Inc. has become an employee-owned company through the creation of a new employee stock ownership plan, or ESOP. MKSK, a landscape architecture, urban design and planning firm, announced through a news release that it has created an employee stock ownership plan to provide long-term ownership and organizational stability. The move also seeks to “secure…
October 15th, 2019 Victor Alam, Corporate Counsel for Menke, to lead Sessions 1 and 3 on October 17th: – Session 1: Current Issues Facing ESOP Companies: Legal, Financial, Operational & Transactional – Session 3: Special ESOP Administration Issues: Mature ESOPs, Repurchase Liability, Plan Features As an attorney, Victor specializes in the design and installation of ESOPs, as…
Oct. 2nd, 2019 ESOP Distributions: Concepts, Requirements, and Best Practices Michael Pasahow, Senior Counsel for Menke, will present best practices for employee stock ownership plan distributions on October 4th. He will cover the key issues governing ESOP distributions – eligibility, timing, method, form and manner – a critical element of cashflow and share repurchase needs…