Actionable Ideas to Recruit, Retain and Reward Key Talent
In a time when more executives are walking away from their jobs, what can you do to keep them around? Well, in this article by Andreas Stuermann, a fellow Lion Street Owner, he shares his ideas and insight into what might interest you and your staff that isn’t for everyone, discretionary, and may be fully cost recvoered.
An Employee Stock Ownership Plan, or ESOP, is one option if you are a looking to sell your business. Listen to this discussion about Employee Stock Ownership Plans, hosted by The American College with Matthew Schiff, CLU and Dan Zugell of Business Transition Associates as it pertains to some options that closely held business owners have in today’s economic environment
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.
An American College Interview with Dan Zugell of Business Transition Associates and Matthew E. Schiff, CLU of Schiff Benefits Group, LLC about why a business owner might want to sell his business to an Employee Stock Ownership Plan. Dan goes into the benefits of the transaction, how the owner still controls the company, and can be part of his estate planning strategy.
The First of Three Interviews on the American College’s Wealth Channel about how to create benefit programs that Attract, Retain and Reward your key employees. Here we will go into a discussion about the types of programs available for these plans that are subject to IRC 409A.
Creating Customized Benefit Plans for Business Owners and their Key Employees