Understanding ESOPs (part 5)
ESOPs are becoming an increasingly common tool for succession planning among AEC firms.
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ESOPs are becoming an increasingly common tool for succession planning among AEC firms.
It’s important to understand your business model and the various outside factors that can affect the execution of an ESOP transaction.
Surrounding oneself with the appropriate professionals, and planning accordingly, will position your company for a successful transition to ESOP ownership.
For S-corps and C-corps, ESOPs offer different, but significant, tax benefits to both the selling shareholder and the surviving company.
Having the ability to offer candidates participation in the ESOP may provide your company a benefit your competition cannot offer.