#ESOP
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An employee stock ownership plan (ESOP) is an employee benefit plan (in the US) that gives workers ownership interest in the company in the form of shares of stock. (Investopedia)
What’s the Difference Between a Worker Co-op and an ESOP?
ESOPs are retirement plans where employees own shares in the company. These shares are given as part of their benefits, and employees typically gain ownership over time.
Co-ops (Cooperatives) are businesses owned and operated by their members, who can be employees, customers, or both. Members have an equal say in decision-making and share profits.
ESOPs focus on employees gaining stock over time as a benefit, while Co-ops involve members directly running the business and sharing profits and decisions equally.
