Accounting Firm Becomes 30% Employee Owned

IPA 200 firm Perelson Weiner LLP of New York (FY23 net revenue $33.5 million) announces that their equity partners have transferred 30% of ownership interests to an employee stock ownership plan (ESOP). The ESOP offers full-time personnel a chance to share in the firm’s growth through the ESOP owning shares.

Participants will pay nothing out of pocket and gradually vest over a six-year period. An independent appraisal will annually determine stock value.

At a time when many firms are merging to be bigger, Perelson Weiner is growing organically by providing ever better service to their clients. The ESOP will reward commitment to firm values, along with longevity and the performance of the entire team.

As seen in Inside Public Accounting.