A Beginner’s Guide to ESOPs: Why Your Employees Might Be Your Best Succession Plan
Why Your Employees Might Be Your Best Succession Plan
When you are gone, who will carry the torch?
Chances are, you have been giving this question some thought lately. You might be discussing options such as selling to a competitor or to a third party.
Maybe you have even discussed selling the business to a group of key managers. After all, your employees are the group of people who know your business better than anyone else, and they have nearly as deep an interest in its success as you do.
Designed to only scratch the surface of Employee Stock Ownership Plans, which are complex structures that depend on your specific situation, A Beginner’s Guide to ESOPs provides key insights on:
- What is an ESOP (and what it is not)?
- How is a typical ESOP structured?
- Where do the retirement funds come from?
- What are the advantages of ESOPs?
- Is an ESOP right for my company?
Accounting Basics for
Your ESOP's First Year
Learn how to navigate your ESOP’s first year – from first-year contributions and journal entries to your annual valuation.