Succession Planning for Businesses
A Proven Model for Success and Succession Planning Employee stock ownership plans (ESOPs) have been a valuable tool for both business owners and employees in the United States. The National Center for Employee Ownership reports that there are currently around 7,000 ESOPs in the U.S., with total assets of approximately $1.7 trillion, benefiting almost 14 […]
Exit Strategies for Businesses
ESOP as an Exit or Succession Planning Strategy Are you ready to move on? A business exit strategy is a crucial plan that every entrepreneur or business owner must have in place to secure their financial future. It involves the process of selling one’s ownership in a company, with the aim of maximizing profits or […]
ESOP Planning
EASY 3 STEP PLANNING TO IMPLEMENT YOUR ESOP If you have decided to explore the option of an Employee Stock Ownership Plan (ESOP), there are a few steps you need to take to implement the plan. Prior to commencing with the actual planning process it is important to determine whether an ESOP is a viable […]
Business Exit Strategies – What You Need to Know.
“Every exit is an entrance somewhere else.” – Tom Stoppard The reality you never could have imagined, all those years ago, is here. Business exit strategy? Succession plan? Strange acronyms such as “ESOP?” Seriously? Creating is hard. Letting go might be even harder. It’s time to exit the business you spent your life – employing […]
