An Employee Stock Ownership Plan, or ESOP, is one option if you are a looking to sell your business. Check out more about Employee Stock Ownership Plans with Dan Zugell of Business Transition Associates as it pertains to some options that closely held business owners have in today’s economic environment.
Employee Stock Ownership Plans
As a business owner, one of the best ways of maximizing the sale of your largest assets, is by exploring what an Employee Stock Ownership Plan (ESOP) can do for you.
When selling your company to an ESOP, you can sell part of your shares or all of your shares, are even schedule when the stock will be sold. When combined with the tax efficiency of the ESOP plan, and the ability to still control the operations of the company, the owner has the opportunity to have his cake and eat it too.
That said, ESOPs are not for everyone. And the discussion on this video will walk you through the high level benefits and pitfalls. If you are interested in learning more, then dive into the second and third video about the topic.
We look forward to hearing from you, and helping in a customized plan design that fits your needs.