Business transition planning: What is an ESOP and when is it the right choice?

Many owners of private businesses are searching for a transition plan that not only addresses their personal financial goals but also sets up their businesses for success well into the future. While employee stock ownership plans (ESOPs) are not new, the confluence of the growing number of business owners facing retirement, business owners’ desire to create a lasting legacy and a burgeoning industry of ESOP proponents has put ESOPs front and center in the transition planning conversation. Whether your transition is years away or just around the corner, now is the time to start planning.

Watch the recording for a discussion about ESOPs and when they are a good choice for an owner’s transition plan. During this informative webinar, RSM’s team addresses the following questions:

• What is an ESOP and how does it operate?
• Is my business a good candidate for ESOP ownership?
• What are the advantages and disadvantages of ESOPs compared to other transition options?
• Are the tax benefits of ESOPs real?

This webinar will provide valuable insights into the advantages and operations of ESOPs, helping you determine if an ESOP is the right fit for your business transition strategy. Don’t miss this opportunity to gain essential knowledge and prepare your business for a successful transition when the time comes.