An array of programs at governments, certifying agencies, and other entities that support selected businesses to benefit a disadvantaged group of people, including businesses owned by racial minorities, women, veterans, disabled individuals, those in a disadvantaged area, etc.

Qualified replacement properties must be securities issued by U.S. operating corporations. Examples of qualified replacement property include common stock, preferred stock, convertible bonds, and corporate fixed rate notes, and corporate floating rate notes.

Steward-ownership is an alternative corporate structure that prioritizes a company's long-term mission over short-term profits by enshrining principles of self-determination and purpose-orientation.

When preparing to meet with a banker for a loan, it's crucial to anticipate and answer questions that demonstrate your business's creditworthiness using the Five C’s of Credit: Character, Capital, Capacity, Collateral, and Conditions.

Compensation for key executives that attract, motivate, and retain the right people, while aligning executive goals with the goals of the company.

A private pass-through business that is owned wholly or partly by an ESOP, and as a result, the company’s gains rebound to the benefit of its employee-owners.

The Perpetual Purpose Trust (PPT) is a non-charitable trust that is established for the benefit of a purpose rather than a person. An Employee Ownership Trust (EOT) is an example of a PPT.

Financial feasibility is the ability of a proposed business to generate positive cash flow and meet other financial objectives. Generally speaking, there are three types of financial feasibility analysis: financial projection, cash flow analysis, and profitability analysis.

Any unique financial statements pertaining to EO companies, such as an ESOP Participant Statement

The operating of an employee ownership plan, and all requirements associated, whether by law or by plan document.

An SOP is a set of instructions used to train employees to complete a task; SOP's are the foundation of building a business that can thrive without the creator of those procedures, which gives those individuals more freedom to work strategically.

Employee retention refers to how a company retains employees (talent) within itself whether by its reputation, mission, perks, professional development, or otherwise

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

An investment club is a group of individuals who pool their money to make investments, typically organized as partnerships. Members collectively decide on investment actions, often after educational meetings where everyone participates in decision-making.

of looking or feeling more diverse, without any meaningful participation, and often

A US governmental agency whose mission is to protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.

The many things that set EO companies apart from non-EO, driving better results for people, planet, and profit. This can include longer tenure/loyalty with customers, and employees, more wealth creation for employees, reduced carbon footprint, and more.

An ESOP that is formed from a sponsoring company organized as an LLC through a workaround (since LLC's cannot own stock)

In the Explore stage, a business owner learns the benefits and options of different exit options and decides where to invest further time and resources. The essential question is whether a given exit option will meet the outcomes desired by the seller.

An EO transaction which includes debt (leverage) financing

Leadership qualities and practices most befitting EO companies

an interrelated set of solutions designed to meet employment needs: job-seekers and employers.

The evaluation of different types of employee ownership by a selling owner, and making a choice between them based on the relative strengths and weaknesses of each type.

A company document that forms internal "laws" that determine how a firm will be run. Ordinarily, the details about the company structure is reflected in the bylaws, which are not usually filed with state officials and are thus easier to amend.

The Valuation Multiples approach, also known as multiples analysis, is a method in valuation that compares similar companies using standardized financial metrics. It assumes that comparable firms should have similar ratios, like P/E ratios, reflecting operational similarities.

Enterprise value (EV) represents a company's total worth, going beyond market capitalization to include debt, cash, and equivalents. It's essential for mergers, acquisitions, and investment analysis, offering a holistic view of a company's value.

Statistics pertaining to EO companies, e.g., how many EO companies there are, increases to EBITDA following EO conversion, etc.

In a seller financed business sale, the seller allows the buyer to pay off a portion of the price of the business over time with interest.

A situation when an individual wants to sell his company for more money than the buyer is willing to pay

DisCOs are a set of organizational tools for people interested in commons-oriented and feminist cooperatives. An alternative to Decentralized Autonomous Organizations, or DAOs, DisCOs offer a distributed and cooperative model.