Part 3: The Future of Employee Ownership in California
ESOPs as a Path to Shared Prosperity
As California shifts toward more equitable business models, employee ownership is emerging as a powerful tool for building wealth in local communities. With the right plan design and operational guidance, ESOPs have the potential to reshape how businesses grow and sustain themselves — especially in industries like professional services, construction, and manufacturing.
What's Driving the Momentum?
- California's Pro-ESOP Legislation
- Increased federal and state funding support
- Growing demand for business succession planning alternatives
- Employee empowerment and wealth-building movements
The Schechter Benefits Law Group Perspective
With over three decades of experience in ERISA law and employee benefits, Schechter Benefits Law Group is uniquely positioned to help businesses navigate the full ESOP lifecycle — from plan design to compliance and ongoing operations.
Our Services Include:
- ESOP Feasibility Analysis
- Plan Design & Documentation
- Fiduciary Training
- ERISA Compliance Audits
- DOL Investigation Defense
Final Thoughts
California is on the cusp of an employee ownership renaissance — but realizing that potential will require education, advocacy, and strategic partnerships. As the largest standalone ERISA law firm in Southern California, we are committed to helping businesses embrace employee ownership as a pathway to long-term success.
If you're considering an ESOP for your company, let's start the conversation.
Contact us today at sblgllp.com to explore how an ESOP could work for your business.
