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Article: Liberty Check Printers Becomes Nation's First S-corporation with Employee Ownership
- Article from:
- PR Newswire
- Article date:
- August 20, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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S-corp Provisions Part of Minimum Wage Bill, Liberty Founder David Copham
Attends Bill Signing at White House, Institutes Corporate Change
at Small Business Administration Headquarters
WASHINGTON, D.C., Aug. 20 /PRNewswire/ -- Liberty Check Printers, the credit union movement's check printing leader headquartered in Roseville, Minn., has become the first S-corporation to offer employee ownership. Today's action was made possible by President Clinton's signing of the minimum wage bill, which included provisions to allow S-corporations to create employee stock ownership plans (ESOPs) beginning Jan. 1, 1998.
David Copham, Liberty ...