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Time to Sell Your Business? An ESOP May Be the Answer

Strategy Driven

It’s easy to start out as a solo practitioner and build a company as the skills from one’s career are directly transferrable, and overhead is quite low. Selling one’s company to an ESOP, an employee stock ownership plan, does just that. How does an ESOP work? What would this do to the company’s valuation?

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Treat Employees Like Business Owners

Harvard Business Review

And companies — except for the very smallest — can implement an employee stock ownership plan (ESOP), often funded through borrowing. “People are learning what it means to run a business,” says Joe Grafton, a consultant who works with the Creperie.

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