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Anyone who makes decisions for the plan (whether ESOP or EOT), causes someone to make a decision about the plan, or, in some cases, provides advice to someone making decisions about the plan

In the event of an acquisition, it is typical for acquired assets to be stepped-up to their FMV. The resultant increase in depreciation and amortization has the potential to reduce taxes for the acquirer, depending on how the business combination has been structured.

Current assets minus current liabilities. It shows whether a business can cover the bills due within a year from cash it holds or will soon collect.

Post Growth Entrepreneurship (PGE) redefines business as an avenue for activism, art, spirituality, and creative expression. It promotes sustainable business practices that prioritize social and environmental impact over traditional growth metrics like scaling and investor returns.

The articles of incorporation act like the constitution of the company. They include what kind and how much stock the company will authorize and information such as the name of the corporation, the corporate purpose, and the list of initial directors

A credit facility in business finance enables companies to borrow funds over an extended period without reapplying for loans each time they need money. It functions as an umbrella loan, providing flexibility in capital generation.

E2C advocates for an alternative approach to the traditional startup exit strategy of acquisition or IPO. E2C proposes that startups mature into community ownership, where stakeholders collectively own and govern the company.

ESOP is a qualified retirement plan that transfer all or a portion of the company's stock into a trust administered on behalf of the employees.

An "ownership culture" in an employee-owned business goes beyond just financial ownership - it is about creating a mindset and work environment where employees truly feel and act like owners, with a vested interest in the company's long-term success.

Cash flow financing is a type of business financing where a loan is secured by a company's anticipated cash flows. Unlike traditional loans that require physical assets as collateral, cash flow loans utilize the cash generated from sales to repay the loan.

The financial field dedicated to buying and selling businesses

Employee Ownership Centers (also called Centers of Employee Ownership) are state-based centers that provide technical assistance, and advocacy for EO, and belong to a national network called EOX (Employee Ownership Expansion Network)

A unionized worker co-op is a business governed and owned by its workers with the distinctive features that it uses the collective bargaining process to determine pay, benefits, etc. for its workers, and is connected to the larger union movement.

We provide leadership on food, agriculture, natural resources, rural development, nutrition, and related issues based on public policy, the best available science, and effective management.

Equity is what belongs to the owner(s) of a firm and theoretically includes all that the owners have invested in the company over time, including funds used to start the company, annual earnings that have been retained in the company over the years, and any ongoing investments that have been made to replace and improve the organization's assets. It also sometimes includes intangible assets such as brand name or good will.

A convertible note is a temporary debt tool enabling investors to convert their loan into company equity. It postpones the valuation of the company until later rounds, like Series A, when more information is accessible.

Venture capital (VC) is a form of private equity and a type of financing for startup companies and small businesses with long-term growth potential.

Due diligence in M&A is the thorough investigation and verification of a target company's financial, operational, legal, and strategic aspects to assess risks and opportunities before a transaction.

A cash flow statement provides a detailed overview of how cash moves in and out of a company, crucial for assessing its financial health and operational efficiency. The CFS focuses on cash flow from operating, investing, and financing activities.

Reg D crowdfunding, under Regulation D of the SEC, allows companies to raise funds from accredited investors through private placements without registering with the SEC. Favored for its flexibility and lack of ceiling on funds raised, making it popular for private placements

Result of hard work by the owners.

An IPO is the process by which a private company offers its shares to the public for the first time. The process involves meeting regulatory requirements, hiring investment banks to manage the offering, setting the IPO price, and issuing shares.