Hi, How Can We Help You?
  • Focused on your goals with solutions reverse engineered specific to you and your situation.

Newtown

51 Camellia Ct, PA 18940

info@schiffbenefits.com

Office Hour: 09:00am - 5:00pm

(610) 292-9330

Free Call

Tag Archives: ESOP

Author By Matt Schiff Posted on Categories Business Succession, Employee Retention, Executive Benefits, Owner Benefits, Retirement

How much is your business worth?

Every business owner starts their business with the intent to "sell it" sometime in the future, make a lump sum, and walk away.  Most likely, if you are reading this, you're more than far enough along in your ownership journey that you are now asking yourself:

"How much is my business worth?".


At Schiff Executive Benefits (SEB), we use a business valuation program called RISR that can help you find out. If you use Quickbooks, an owner can share their last three years of tax related data electronically, seamlessly, and securely through a link that we will send you to your PRIVATE valuation. After uploading that data, and answering a few questions about the operation of the business (i.e. ownership, tax structure, client concentration, operational questions, etc.), RISR will generate a SNAPSHOT value for SEB to review with you, so that you can realize your DREAM value in the future.

Using the results from the report, you can:

  • Negotiate offers with potential buyers,

  • Discuss with management ways to improve profitability

  • Review potential business valuation risks, and

  • Align your people with the future growth of the company.


Here were some of the solutions that our clients decided upon after engaging SEB:

  • Sold to an outside party

  • Implemented an Installment (structured) sale to the employees/family member

  • Employee Stock Ownership Plans



    • Sell some or ALL of your stock

    • Retain Control of the company

    • Immediate Tax Savings for an S Corp

    • Provides Retention Strategy for ALL employees



  • Buy/Sell Planning Between Partners upon:

    • Death

    • Disability, or

    • Retirement



  • Tax Efficient Retention Strategies

    • Executive Bonus

    • Restricted Executive Bonus (REBA)

    • Supplemental Retirement Plan

    • Excess 401K Plans



  • For YOUR report specific to YOUR company, Complete the form below to request your link for your business valuation.


A FULL sample report can be downloaded here:  Schiff Auto report

Author By Matt Schiff Posted on Categories Business Succession, Deferred Compensation, Education, Employee Retention, ESOP, Estate Planning, Executive Benefits, Owner Benefits, Retirement

ESOP – Employee Stock Ownership Plan – A way to Monetize your largest asset

https://youtu.be/VUsv8NaXsrc

Are you a business owner? Have you ever thought about selling your business?  How much is it worth? Do you have other shareholders, or family that own part of the business?

Well, in this, the Sixth episode of The Perfect Plan, Dan Zugell, my friend and colleague of 25 plus years goes into the wonder of an Employee Stock Ownership Plan (ESOP). In this qualified retirement plan solution for a business owner, you have a ready and willing buyer, that will buy your business, for a set dollar amount, at a set triggering event. If done correctly, you as the business owner can still run it, control it, and participate in the future growth of your company.

Dan goes into the benefits, tax advantages, and rules of how to design "the perfect" exit strategy for the closely held business owner. Take a few minutes and hear what he has to say, then contact us on how we can help you monetize your largest asset.

Ps. You can schedule a direct call with Dan at https://dantheesopman.com/ or with SEB at  Calendly - Matthew E Schiff

Author By Matt Schiff Posted on Categories Employee Retention, ESOP

Employee Stock Ownership Plan – ESOP Overview

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.


https://www.businesstransitionadvisors.com/services/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.