An Employee Stock Ownership Plan (ESOP) allows business owners to sell to employees gradually, preserving culture and legacy. While beneficial for tax efficiency, ESOPs demand complex ongoing administration and suitability criteria.
Author: Charles Kedra
The Inexperienced Advisor – An Exit Planning Horror Story for Business Owners
A small business owner sold his company for $1,000,000, rewarding a loyal employee with gifted stock. Poor tax planning led to significant unforeseen liabilities, ultimately costing both parties dearly. Professional advice could have prevented costly mistakes during the transaction.
Creating a Plan to Eventually Depart Your Business
Successful business transitions hinge on three universal goals: achieving desired financial security, establishing a departure timeline, and selecting a successor. Owners should clearly define these goals to guide their exit planning and ensure a fulfilling transition.
The Next Generation of Owners: How Millennials and Gen Z Are Re-Shaping Business Ownership
Millennials and Gen Z entrepreneurs are redefining business ownership as they acquire established businesses from Baby Boomers. Despite capital access challenges, new funding options are emerging, fostering intergenerational collaboration essential for sustainable growth and innovation.
The Silver Tsunami Arrives: Baby Boomers and the Great Business Exit
The retirement of Baby Boomer business owners marks a significant generational shift, with over 12 million businesses at risk of unprepared exits. Proper planning can ensure favorable conditions for owners and opportunities for younger entrepreneurs.
FPA Owner Transitions 