also known as a union, labor organization, or trade union, is a group of employees in a certain trade, industry, or corporation that organize to improve their salary, benefits, and working conditions.

The departure of an executive and the recruitment, hiring, and installation of a new executive

EO companies, and ESOPs in particular, have some reporting duties pertaining to the sponsoring company, e.g., financial statements containing the # of shares held by the ESOP, fair value of unearned shares, total of repurchase obligations, etc.

A private company owned by two or more related family members.

Typically a company's profit and loss (income statement), balance sheet, and statement of cash flows.

Patient, flexible, risk-tolerant money that accepts a lower or slower return to make a deal possible that ordinary market capital would pass on. It often fills the financing gap in an employee-ownership transition.

An invoice, bill, or tab is a commercial document issued by a seller to a buyer. The invoices documents the sale transaction and indicates the products, quantities, and agreed prices for products or services the seller provided.

A variety of terms for individuals who have been incarcerated, and who may face employment barriers as a result.

Also called "worker owner," or "participant" (depending on the EO context), an employee owner is an owning participant in an employee owned business.

Investing aimed at a specific city, region, or community so the money and its benefits stay local. Several employee-ownership funds use this approach to keep businesses and jobs rooted where they already are.

A shareholder is a person, company, or institution that owns at least one share of a company’s stock or a share of a mutual fund. Shareholders essentially own the company, which comes with the right to share in the profits.

A vision of the economy in which far more people share in owning the businesses they work for or buy from, instead of ownership staying concentrated in a few hands. Employee ownership is one path toward it.

Surety is a type of financial guarantee.

Annual testing for an ESOP that the amount of employer contributions to direct contribution plans that can be deducted each year, according to IRC Section 404(a)(3), is 25% of the compensation of the plan participants.