ESOPs offer a tax-efficient exit strategy for business owners
$225.00
Description
Abstract: An employee stock ownership plan (ESOP) can help owners of closely held companies who are approaching retirement age balance conflicting goals. This article talks about potential tax and other benefits of ESOPs, along with the types of businesses that can use them, but also lists some drawbacks. A sidebar argues that owners of family businesses need to take steps to prevent succession struggles.
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