Business Succession Planning and the ESOP Alternative
An Employee Stock Ownership Plan or ESOP, is a tax-qualified retirement plan that invests primarily in employer stock, writes Jim Steiker. However, ESOPs offer much more than just employee benefits. To owners of closely held contractor firms, an ESOP can be used as a tool of corporate finance and a vehicle for owner buyouts.
Published in the October-November 2004 edition of the Business Development Journal
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