Private companies? If they are incorporated they just have to have
the minimum number of shares required by the state's law, maybe 100,
held by the principals, that is, they are not shares traded on a
stockmarket.
Of course, they could have a million, but an employee stock ownership
plan only - well, usually only - makes sense and is an incentive if
the shares can eventually be freely sold. There has to be a market,
which by definition is not the case for a private company.
Also, private companies do not have to disclose information the way
publicly held companies do, so - even if one did have such a plan -
it would not be information that was on the web, or, if someone
happened to know of such an unusual case, he would not feel free to
reveal something that is the privy to that company.
But maybe someone will shoot me down and be able to give you some info. |
