- How it works
- The ins and outs of ESOPs
- Common misconceptions explained
- Tips and tricks
- Risks vs. rewards
- How to avoid common mistakes
As baby boomers toe the retirement line, company ownership and succession planning becomes a necessary topic on the discussion table. There isn’t always an easy answer here – all business owners have different priorities when it comes to handing over the reins – but some options are more elegant and effective than others. ESOPs, or employee stock ownership plans, provide a compelling alternative, selling company ownership to employees while also offering an avenue for corporate financing and business perpetuation.