When it’s Time To Exit Your Business, Reward Those Who Lifted You

“Responsibility equals accountability equals ownership. A sense of ownership is the most powerful weapon a team or organization can have.” – Pat Summit, former national champion women’s basketball coach The hardest part was probably getting here: Deciding to exit the company that’s been your life, and your baby, and your endless focus.  You want to […]

Business Owners: Why You Should Have An Exit Plan

Are you considering what it would look like to exit your business in a few years time? Or perhaps you’re already at the stage where you want or need to leave. The way to achieve this, with your head held high, money in your pocket, and your legacy intact, is by planning your next steps […]

 How The Inflation Reduction Act Impacts ESOPs

The simple fact is that ESOPs are here to stay as an effective and powerful business succession strategy. This isn’t merely wishful thinking from a firm of strong ESOP believers, it’s evident by the encouragement that Congress keeps showing. Take the pilot program created by Section 874 of the National Defense Authorisiation Act (“NDAA”) which […]

How Retirement Security Legislation Impacts ESOPs

A Senate committee has approved a measure to expand employee access to workplace retirement plans. It seems like a simple enough statement that might not register as newsworthy, but this is anything but simple and in fact, history has been made! In June 2022, the United States Senate Health, Education, Labor, and Pensions (HELP) Committee […]

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 […]

Everything You Need To Know About An ESOP

ESOPs (employee stock ownership plans) have historically been misunderstood. As a result, they haven’t always been as popular as, say, opting to sell outright to a private equity group.

How An ESOP Valuation Works

An ESOP (Employee Stock Ownership Plan) is a type of employee benefit plan that gives employees stock options and allowing them to buy shares in the company at a set price. 

How To Set Up An ESOP Plan

Employee stock ownership plans (ESOP) are becoming increasingly popular, not just as a viable succession plan for business owners, but also for the company.