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. What if there was a way to reduce that risk, preserve the company’s culture, keep employees and clients, increase company morale and improve performance by paying employees more without costing the business more? Selling one’s company to an ESOP, an employee stock ownership plan, does just that. How does an ESOP work?