Third party buyouts in the fire protection industry are getting lots of press. However, an employee buyout may be a better fit for both owners and employees of a company. In this session, we will explore the following: advantages and disadvantages of an employee buyout and how it contrasts with company sale; proven structures for ownership transfers that have been successfully used by others; and differences between management buyouts and Employee Stock Option Plans and which one may be a successful strategy for your organization.

Upon completion of this seminar, attendees will be able to:

• Contrast the advantages and disadvantages of a transition to employees as opposed to the sale to a third party.
• Analyze the organizational structure necessary to make the transition successful.