An ESOP can be an excellent exit option for business owners, but there are key characteristics that are generally required to make them a good fit.
For employees, ESOPs serve as both a retirement plan and an opportunity to share in the collective success of their company.
Business owners who are seeking to sell all or a part of their business have options available to them both inside and outside of their company.
The employee stock ownership plan (“ESOP”) community has weathered economic uncertainty in times past; however, the recency of COVID-19 has presented new challenges…
Business owners exploring exit planning options may have been introduced to the idea of selling some or all of their stock to an Employee Stock Ownership Plan (“ESOP”).