Business Succession Planning & ESOPs
An employee stock ownership plan (ESOP) may make sense for some dealers and other aftermarket retailers looking to build a succession plan they can control while protecting wealth, diversifying assets and deferring taxes.
An ESOP is a powerful business succession plan. It provides a means for a business owner to transfer ownership of a company to his or her employees while still retaining some control and value in the business.
An Employee Stock Ownership Plan or ESOP, is a tax-qualified retirement plan that invests primarily in employer stock, writes Jim Steiker. However, ESOPs offer much more than just employee benefits. To owners of closely held contractor firms, an ESOP can be used as a tool of corporate finance and a vehicle for owner buyouts.
Is an ESOP right for your company?
Use our ESOP self-assessment tool to find out.
Explore various Ownership Transition Options.
If you would like further information about ownership transition options, please contact us. SES ESOP Strategies welcomes the opportunity to provide complimentary and confidential advice.