How Can Business Succession Planning Protect Business Owners?

For business owners heading into retirement, planning for an eventual succession of their business can be one of the most important steps to ensuring its long-term stability and success. With the right strategy in place, a business owner can work towards a smooth transition of ownership, secure capital that will finance future growth, and ensure […]

How to Ensure Your ESOP Meets ERISA Records Retention Requirements?


If you own or manage a business, having an Employee Stock Ownership Plan (ESOP) in place is essential for protecting not just your employees, but also yourself and the company. However, you must understand and meet all of the ERISA rules and records retention requirements that come with running an ESOP. At Excel Legacy Group, […]

Steps to Choosing the Right Exit Strategy

Are you a business owner who is looking for the best way to exit your business? It can be overwhelming trying to decide on the right strategy when selling a company. You want to make sure that you get top dollar and achieve your long-term financial goals, but it’s not always easy narrowing down which […]

Key Indicators for Exit Strategies in Forex Trading

Knowing when to exit your trading position in the foreign exchange (Forex) market is key to making a profit. While there are many approaches to determining entry points and strategies, it can be harder to determine when you should finish a trade. To maximize profits, learning when to close out of a particular Forex pair […]

The Importance of Business Succession Planning

Business succession plans are a vital, yet often overlooked step necessary for ensuring the longevity of any business. If your business intends to thrive well into the future, having measures in place to guarantee a smooth transition and continued profitability should be your top priority. Having an employee stock ownership plan (ESOP) as part of […]

Top Eight Strategies to Boost the Value of Your Business Before You Sell

Selling your business is a significant decision, and maximizing its value before the sale is crucial. By implementing strategic initiatives, you can attract potential buyers, command a higher price, and ensure a smooth transition. Strengthen Financial Performance Increase revenue and diversify income streams through targeted marketing, sales initiatives, and exploring new markets. Streamline costs and […]

Everything You Need to Know About ESOPs

Understanding ESOPs is essential for both employees and employers to maximize their benefits and navigate the intricacies of this ownership model. Whether you are an employee considering participation in an ESOP employee ownership plan or an employer contemplating implementing one, this article will equip you with the knowledge to make informed decisions and harness the […]

How Does an Employee Stock Ownership Plan Work?

benefits for employees

As a small business owner, you have put countless hours and resources into building a successful company. Retirement may seem like a distant possibility but implementing an Employee Stock Ownership Plan (ESOP) can provide a wealth of benefits and opportunities for you and your employees. In this blog post, we’ll discuss the mechanics of ESOPs, […]

Why Do You Need a Business Exit Strategy?

Planning for the future is vital for small businesses to achieve long-term success. One crucial aspect of this planning is developing a well-thought-out exit strategy. In this blog post, we’ll explore the importance of having a small business exit strategy and how it can benefit small business owners in maximizing their success. Understanding Small Business […]

ESOP 101 – What You Need to Know

esop consultants

As a corporation, you have a lot on your plate, from managing day-to-day operations to tackling long-term strategic planning. One of the most important decisions you have to make is how to structure your ownership and management. Employee Stock Ownership Plans (ESOPs) have become increasingly popular in recent years as a way to both motivate […]