In the next two decades, it is likely that a large number of the estimated 12 million privately-held businesses in the United States will change hands, driven in large part by the exit of baby boomer owners. While many of these businesses may pass to the next generation, a large portion of them will be sold — many of them to an Employee Stock Ownership Plan, or ESOP. How do you know if an ESOP is a good option for your company?
Read this article, “Is Your Company a Good Candidate for an ESOP?”, provided by Minnesota Society of Certified Public Accountants for a fresh perspective of the ESOP transition and what types of businesses are an ideal fit for this business model.