Employee Stock Ownership Plans Fit Low Debt Companies and High-Value Employees
Manufacturers' Pain Points newsletter reported manufacturing company founders shared that an ESOP (Employee Stock Ownership Plan) is often the best exit strategy for them and for the company legacy. ESOPs are not for every manufacturing company however companies with high-value employees, low debt, and solid prospects are often great matches for ESOPs. The 1974 ESOP law and later amendments were designed to encourage employee ownership. Company founders who initially sell just part of their stake and stay on as CEO...
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