Are you curious about what an ESOP is? Are you perhaps considering an ESOP structure for your business? An employee stock ownership plan (ESOP) is a unique strategy for business owners seeking liquidity and a transition of their ownership. Using an ESOP strategy allows the business owner to sell a fraction amount of the organization to the employees, either all at once or over time. This increasingly popular succession planning strategy also benefits a company’s employee recruiting and retention strategy as well as provides selling shareholder and company tax benefits.

Learning Objectives:

• List what makes a good ESOP candidate.
• Define the ESOP structure and how it works.
• Identify key benefits and potential challenges of an ESOP.
• Assess the process of a feasibility study.
• Discuss next steps to determining if an ESOP is right for you.