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Barbara Weltman

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Main Street Employee Ownership Act

September 21, 2018 / By Barbara Weltman

This new law (which is part of the National Defense Authorization Act signed into law on August 7, 2018) provides funding for more SBA loans and technical assistance to companies transitioning to employee ownership (through ESOPs and worker-owned cooperatives). It will help an estimated 2.3 million Baby Boomer owners seeking to transfer ownership of their businesses in the coming years, and the millions of employees who work for them.

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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

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