Time to Sell Your Business? An ESOP May Be the Answer
APRIL 26, 2019
These companies are often founded to capitalize on a perceived market opportunity and grow over time until eventually the owner has a healthy, and profitable company. Let’s assume you started a digital marketing agency, a realistic example, given this industry is hot. Over seven years the company develops a solid client base, grows to 16 employees serving 40 clients, with revenues of $2 million annually. How does an ESOP work?