Talking Drupal #390 - Employee Owned Companies
Talking Drupal
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How to Move Lullabot to an Employee Owned Company
Lullabot is a 100% employee owned company. The owners were ready to exit, ready to sell their stake in Lullabot. It's very important that the IRS and the DOL Department of Labor care a lot that the employees are sold the company at a fair price. As an S corp, your federal taxes are forgiven to whatever extent your ESOP.
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