Is an ESOP right for you?
A guide to understanding employee stock ownership plans
In recent years, ESOPs have become an increasingly popular business succession planning tool. And well, why shouldn’t they? ESOPs can provide incredible tax advantages both to the company and the business owner who is selling that company. Further, ESOPs help preserve the legacy of the company that the seller helped to create, and they can provide a valuable employee benefit and retention tool.
Of course, like any other type of sale of a company, an ESOP transaction requires proper planning and a skilled team. This article will provide a summary of what an ESOP is, how an ESOP transaction works and potential ESOP candidates.
Read the full white paper here.