Mackall, Crounse & Moore, PLC has joined Dewitt Ross & Stevens S.C.

The newly formed DeWitt Mackall Crounse & Moore S.C. will provide clients with enhanced legal services
and efficiencies as well as access to more than 100 attorneys practicing in nearly 30 areas of
law in Wisconsin and Minnesota.

Dismiss this message

×

News & Education

Back to ESOP News Feed

Filter by:

Former Senator (R) from New Hampshire Writes Op-Ed Piece Supporting ESOPs

Senator Bernie Sanders is not the only public figure supporting ESOPs these days. Showing that ESOP support continues to be a bipartisan endeavor, former Senator from New Hampshire John Sununu recently wrote an op-ed piece for CNBC.com recommending to the President that he consider adding pro-ESOP legislation to his tax reform.

Among the statistics cited by Mr. Sununu was the fact that from 2002 through 2015, S Corp ESOP companies' employment grew at a rate that was FOUR TIMES the rate of non-ESOP companies (38% vs. 8%, respectively).

Mr. Sununu also referred to the productivity and engagement advantages in ESOP companies, as well as the fact that ESOP companies are more likely to have TWO qualified retirement plans (normally the ESOP and a 401(k) plan) than a non-ESOP company is to have ONE plan.

It is certainly not new that bi-partisan support exists for ESOPs. But with the increasingly diminishing list of such "common ground" issues, it grows more and more impressive.

About the Author

Tim Stewart serves companies of all sizes, in several industries including manufacturing, distribution and transportation, with multiple clients in the professional employer organization (PEO) industry. A sample of the clients he currently represents includes: ABC Supply, Inc., Weather Shield Manufacturing, Inc., Diversified Benefit Services, The QTI Group, and The Employer Group.

Contact Tim by email or by phone at (262) 754-2869.

Disclaimer

One of the best features about our website articles and blog entries is that they are timely—you get up-to-date information on the law as it exists at the time. The downside is that the law changes, but our older entries don't. That means we can't guarantee you are getting the most current law when reading through past entries.

Please don't take these articles and blog entries and rely on them as legal advice. Give us a call instead, for specific and pointed advice for your particular situation. Note that contacting us does not create an attorney-client relationship, unless you are accepted as a client of the firm.

Our Locations

Madison

Two East Mifflin Street, Suite 600
Madison, WI 53703
(608) 255-8891
Get Directions

Greater Milwaukee

13935 Bishop's Drive, Suite 300
Brookfield, WI 53005
(262) 754-2840
Get Directions

Minneapolis

2100 AT&T Tower,
901 Marquette Avenue
Minneapolis, MN 55402
(612)305-1400
Get Directions


Get to know us

DeWitt Ross & Stevens S.C., including its affiliate DeWitt Mackall Crounse & Moore S.C., is one of the ten largest law firms based in Wisconsin, with an additional presence in Minnesota. It has nearly140 attorneys practicing in Madison, Metropolitan Milwaukee and Minneapolis in over 30 legal practice areas, and has the experience to service clients of all scopes and sizes.

Our People
Our Law Firm
Leadership
Areas of Expertise
News & Education
Contact Us

Partners

We are an active and proud member of Lexwork International, an association of midsized independent law firms in major cities located throughout the Americas, Europe and Asia.

Awards

Best Lawyers 2013 - 2016
Compass Award 2012
Top 100 Lawyers: National Trial Lawyers Association

  • blf-badge-2016
  • blf-badge-2017

NOTICE

While we would like to hear from you, we cannot represent you until we know that doing so will not create a conflict of interest. Accordingly, please do not send us any information about any matter that may involve you until you receive a written statement from us that we represent you (an “engagement letter”). You will not be a client of the firm until you receive such an engagement letter.

The best way for you to initiate a possible representation is to call DeWitt Ross & Stevens at 608-255-8891. We will make every effort to put you in touch with a lawyer suited to handle your matter. When you receive an engagement letter from one of our lawyers, you will be our client and we may exchange information freely.

Please click the “OK” button if you understand and accept the foregoing statement and wish to proceed.