What happens when the founder of a business retires? How can they keep their legacy in tact? If you’re a business owner or executive, and you’re looking at business succession options, consider selling your business to your employees and reap the benefits.
In this video a group of professional advisors discuss how employee owned companies with an Employee Stock Ownership Plan (ESOP) are structured.
What is an ESOP and how do business owners decide to transition ownership of their business, and often their life’s work, to their employees? Most business owners know that there are three options when planning for retirement. One, they can sell their business. Two they can, pass the business to a member of their family. … Read More
This chapter describes how ESOP companies can align expectations and build a culture of ownership; reprinted from “Selling to an ESOP, Sixth Edition.”