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If there is one thing to know about the field of employee ownership it's that it includes a wide variety of models. In the US, Employee Stock Ownership Plans (ESOPs) and worker cooperatives are the two most well known, but there are many others. In this episode we sit down with Chris Michael, an attorney and professor, to discuss a less known model - the employee ownership trust. We dig into the history of the model, talk about its similarities and differences to ESOPs and worker cooperatives, and cover why selling business owners may want to consider it.
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Chris Michael: https://www.eolaw.com/