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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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Fringe Benefits: What Are They and How Are They Helpful

HR Digest

Unemployment insurance The Federal Unemployment Tax Act (FUTA) requires employers to pay a federal and state unemployment tax to the Department of Labor, this provides wages, training, and career guidance to employees in event of job loss due to no fault of their own. Most of these fringe benefits are taxable, barring few exceptions.

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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. “That’s something they can take with them as they move forward with their careers.” A portion of those assets can be redirected to regular stock grants for employees.

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