Announcing Legacy Press Ventures, a New Company That Furthers Social Capitalism and Low to Middle Class Growth
Legacy Press Ventures is excited to announce the company's formal launch. Legacy Press's mission is to maximize the benefits of capitalism and business ownership based on a fundamental belief that employees are the most valuable asset of a company, and that company financial performance accelerates when wealth is shared with employees.
HOLLAND, Mich., April 12, 2019 /PRNewswire-PRWeb/ -- Wealth disparity in the US is at an all time high, and a few daunting statistics tell this tale:
- 47% of Americans can't find $400 in an emergency
- 40% struggle to afford at least one basic need
- 75% they'll be worse off than their parents in retirement
- Poor Americans over age 50 live 13-14 years less than wealthy people
- Minority families have $5.04 of wealth for every $100 held by non-minority families
To contrast this, people who work at employee-owned companies:
- Have 92% higher household net wealth (due to owning equity in the company they work for)
- Have 33% higher wages
- Report 50% higher job security
Legacy Press Ventures is bridging the gap between the US's wealth inequality by encouraging more companies to convert to employee owned, which in turn is creating more employee owners and sharing wealth with the underserved by helping business owners find successful liquidity options.
Employee ownership is most commonly accomplished via an ESOP (employee stock ownership plan), and Legacy Press Ventures has outlined both the "why" as well as the "how" on the company's recently launched website: https://www.esopLPV.com.
About Legacy Press Ventures:
Legacy Press Ventures is a company that promotes awareness for employee ownership and then assists companies with ESOP assessments and transactions. To learn more about Legacy Press, visit the company's website at: https://www.esopLPV.com.
SOURCE Legacy Press Ventures
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