On April 8th, Sue Crockett of MNCEO, Scott Grausnick of Harbinger Partners, and Kirk Lindemann of Eide Bailly, presented “What is an ESOP and Why Are They Good for Minnesota?”.
Throughout this presentation, they discuss lingering questions about employee ownership and provide feedback about how an ESOP could be a viable exit strategy for your business.
You can access this presentation below. This presentation provides a comprehensive review of industry data, employee ownership options, and business succession strategy.
This presentation provides a thorough explanation of how an ESOP provides:
- Wealth equity
- Growth to the local economy
- Fair market value exit price to business owner
- Long-term reward for employees
- Strong retirement for employees
- Reinforces local job market