New York has relaxed its professional company ownership laws an now allows non-licensed professionals to own up to a 25% stake in companies such as architecture and engineering firms.
Read MorePro ESOP bill H.R. 1244, the "Promotion and Expansion of Private Employee Ownership Act of 2011," was introduced today by a bi-partisan group of key members of the House Ways and Means Committee: Congressmen David G. Reichert (R-WA), Ron Kind (D-WI), Charles W. Boustany, Jr. (R-LA), Earl Blumenauer (D-OR), Erik Paulsen (R-MN), and Bill Pascrell (D-NJ).
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