Time to Sell Your Business? An ESOP May Be the Answer
APRIL 26, 2019
However, owners often assume that an exit will be as simple as selling the company. Because large exit sales are often in the news. Over seven years the company develops a solid client base, grows to 16 employees serving 40 clients, with revenues of $2 million annually. Selling one’s company to an ESOP, an employee stock ownership plan, does just that. How does an ESOP work? Learning more about how ESOPs work can be explored at Legacy Press Ventures.