This is an excellent overview from expert Leslie Lauer on how Employee Stock Ownerships Plans ("ESOPs") work and the benefits to employers and employees.
For business owners, ESOPS offer a great way to achieve liquidity while minimizing taxes. The topics covered included:
- ESOP overview and suitability
- Tax and other benefits for the seller, company and employees
- Transaction process, timeline and cost
- Side by side comparison of third-party sale to an ESOP
- ESOPs and private equity