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With years of experience in helping businesses plan their exit strategies, Ken Alter, Managing Director at Planning Alliance, shares his insights on the mechanics of ESOPs(Employee Stock Ownership Plans), their benefits for both employers and employees and how they can be used as an effective tool for selling a business while maintaining control and achieving tax savings.
If you’re a business owner looking to plan your exit strategy, this episode is a must-listen!
Ken discusses:
- What an Employee Stock Ownership Plan (ESOP) is, and how it differs from other qualified plans
- How ESOPs can be used as a tool for business owners to sell their businesses while maintaining control and achieving tax savings
- Why ESOPs are attractive from a tax standpoint
- The benefits of ESOPs for employees
- What employees can do to contribute to this plan
- And so much more!
Related: Retirement Accounts, Are They Worth the Investment?