Devine Millimet attorney Tabitha Croscut appears before Senate Small Business Committee
On Jan. 24, the Senate Committee on Small Business and Entrepreneurship, chaired by Sen. Jeanne Shaheen (D-NH), held a hearing titled “Succession Planning: Opportunities to Build Wealth and Keep Jobs in Local Communities.”
Devine Millimet attorney Tabitha Croscut was asked to be a witness and provide testimony at the hearing. Devine Millimet’s president, Anu Mullikin, reported internally that "Tabitha was one of four [witnesses] on a panel, and she brilliantly testified to the benefits of small business owners considering an ESOP for their transition, and pointed out to the Committee the current speed bumps and road blocks limiting or even preventing business owners from exploring this strategy, which in many cases is a win-win for the owner, the employees of the company and the community in which the business operates. She then responded to questions from several Senators clearly, concisely, with conviction and with a little humor.”
After two decades of working with small businesses, Croscut was honored to have the opportunity to share with the Senate Committee local success stories and provide her observations on how the Committee can help improve business owner awareness of succession planning options, specifically the utility of an Employee Stock Ownership Plan (ESOP). Mullikin said, “Devine Millimet serves many of New Hampshire’s small businesses and we are proud of Tabitha’s involvement in shining a light on this important transition option for business owners."
The entire testimony can be viewed HERE. The hearing begins just after minute 20.
You can learn more about Croscut and ESOP's here: https://www.devinemillimet.com/tcroscut
Image 1- Attorney Tabitha Croscut during her testimony
Image 2- From left: Scott Snider - President of the Exit Planning Institute, Sen. Jeanne Shaheen (D-NH), Attorney Tabitha Croscut
Devine Millimet is one of the largest and most dynamic business and litigation law firms in the region, serving our clients and our communities since 1947. Working from our historic headquarters building in Manchester, New Hampshire, and our satellite offices in Concord and Portsmouth, New Hampshire, we serve individuals, businesses, and nonprofits in the areas of business & commercial litigation, construction litigation, criminal law, employee stock ownership plans (ESOPs), divorce & domestic relations, employment consulting and litigation, healthcare, insurance defense, intellectual property litigation, medical & professional malpractice, personal injury, probate litigation, real estate, ski defense litigation, tax, utilities, bankruptcy and collections work, estate planning, and all aspects of corporate law, including finance and business formation and mergers and acquisitions.
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