Transitioning Your Business – Do You Have a Plan?
Of the more than 12 million privately owned businesses in the U.S., 70% will be changing hands in the next 10-15 years. Most of the owners of these companies will not have spent time planning for their retirements, much less having planned for how they will sell or transfer ownership of their company. And remember with capital gains rates at an all-time low and expected to rise in 2013, this may be the best time to sell. A solution that should be considered is selling some or all of a companys stock to an Employee Stock Ownership Plan (ESOP).
Presented by Steiker, Greenapple, & Fusco, P.C. and Chuck Coyne, ASA, Managing Director – Empire Valuation Consultants, LLC