You have built a company to be proud of, but now you are ready to start planning for new adventures in retirement. The ESOP option looks appealing, but you still have many questions. Where do you go from here? Created by the professionals in Katz, Sapper &...
When you are gone, who will carry the torch? Chances are, you have been giving this question some thought lately. You might be discussing options such as selling to a competitor or to a third party. Maybe you have even discussed selling the business to a group of key...
Employee Stock Ownership Plans (ESOPs) are the most common and successful employee ownership model in the U.S. and have become a popular alternative to traditional M&A transactions for business owners looking to exit – either partially or completely – in a...
In addition to its well-known structural benefits, an ESOP can be an extremely attractive incentive plan for business owners who have a pool of strong managers willing to lead the company moving forward. Often, a sale to an ESOP can be more rewarding to the next...
An employee stock ownership plan – better known as an ESOP - can be an attractive and tax efficient alternative for owners of private companies that are seeking liquidity but do not want to sell to a third-party buyer. An ESOP is a qualified retirement plan that...
Every year, the National Center for Employee Ownership (NCEO) publishes a list of the nation’s 100 largest employee-owned companies. In 2020, architecture and engineering (A&E) firms accounted for 17 of these companies making the industry one of the most prominent...
The National Center for Employee Ownership (NCEO) publishes an annual list of the nation’s 100 largest employee-owned companies. Construction and contractors accounted for 13 of the firms on the 2020 list, with over 85% of those firms using an employee stock ownership...
While many businesses and their owners wish to close an Employee Stock Ownership Plan (ESOP) transaction by or on December 31, the importance of doing so can be overstated. Many businesses and business owners contemplating a sale, merger or other liquidity event,...
Employee ownership can be an attractive option for owners looking to sell their business while maintaining their legacy and protecting the wellbeing of employees. The following article answers common questions related to the creation, financing, valuation and tax...
The significant role that family businesses play in our economy is unmistakable: As of data from 2019, as much as 57% of U.S. GDP is attributed to family businesses that include both small local “mom and pop” storefronts and major public corporations (35% of Fortune...