While many businesses have taken advantage of Employee Stock Ownership Plans (ESOPs) for employee incentives and buyouts, there are very few to be implemented in the restaurant industry. They have been deemed difficult to implement, and administer because of the high-level of employee turnover and part-time workers. However, ESOPs can be a great tool for . . .
There have been very few Employee Stock Ownership Plans (ESOPs) implemented for restaurant companies, particularly for single-unit restaurants. With the turnover in restaurants, it’s extremely difficult to administer, as well as to implement, an ESOP. But ESOPs can be a great tool for ownership transition, altruistic goals and tax efficiency. A tax efficient structure involves . . .
One of the concerns that businesses and individuals have is the issue of personal liability. It is really key, if we’re looking at downturns in the economy and other ways the restaurant industry may suffer from a loss of revenue and possible store closures. Here are some ideas on limiting the potentially damaging consequences of . . .