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. Selling one’s company to an ESOP, an employee stock ownership plan, does just that. Selling to an ESOP preserves company culture and increases productivity, which generally ensures strong future performance.