Employee Benefits Law Blog
Posts in Business Succession Planning.
Posted by: Mindi M. Johnson
I was recently talking with a business owner about whether an ESOP made sense for his company, and he asked a great question: Am I smart or crazy to even consider this? Honestly, that’s exactly the right place to start.
The truth is, an ESOP can be a very smart move but it is definitely not the right move for every company. For the right business, it can be a powerful succession planning tool that rewards employees and preserves the company’s legacy. For the wrong business, it can create unnecessary complexity and frustration.
An ESOP may be worth a serious look if a business has these ...
