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IRIS HARRELL: For Harrell Remodeling, an Employee Stock Ownership Plan made sense for ensuring that the company could continue after owner Iris Harrell began to ease out of the business.
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An independent designer asks about his liability exposure, and a top design/build company provides strategies for minimizing risk.
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What happens to the shares of stock allocated to an employee in a company with an ESOP (employee stock option plan) when the employee leaves the company?
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What is shared ownership, and how do you structure it?