R&P Oak Hill Development has found new owners: its employees.The Buffalo construction company will transfer ownership to its full-time employees over the next 10 years, it said. The transition will take place through an Employee Stock Ownership Plan, a type of profit sharing plan that pays workers with stock ownership, Employees will be awarded stock according to a performance-based formula.
Read more at R&P Oak Hill Development to be bought by its employees – The Buffalo News
Here’s an interesting report on sharing ownership for small businesses. Act Now