Ten years after founding Heartland Breweries in 1995, Jon Bloostein’s company became a victim of its own success. Profit was so strong that the Internal Revenue Service was collecting more than 40 percent of earnings, leaving Bloostein unable to tap his own cash flow to fund new restaurants.So when he learned an employee stock ownership plan could lower Heartland’s tax burden and free up cash for growth, he was thrilled.“We were growing well, but going to the bank too often to borrow money,” ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?