You’ve finalized your business plan. You’ve acquired capital and assembled a rock-star team. You’ve designed your logo and set up your social media handles. You’re ready to launch your business. Or, are you? The thrill of starting a business can be overwhelming. But amid the frenetic joy and anticipation, it’s important to give attention to […]
You’re Ready to Establish an ESOP — Now What?
By Kyla Hansen, CPA, CVA The decision to establish an employee stock ownership plan, or an ESOP, should never be taken lightly. It’s important to not only understand if an ESOP is right for your business but also to determine if it’s even a viable option. If you’ve done your due diligence and are ready to […]
Thinking of an ESOP for Your Business? 4 Factors to Consider
By Kyla Hansen, CPA, CVA Establishing an ESOP, or an employee stock ownership plan, might be the right option for your business, you, and your employees. If you’re thinking of implementing an ESOP, here are four factors you should consider first. Your expectations for the sale. Do you wish to turn over your business to your […]
5 Reasons Why Employee Ownership Could Be Right for Your Business
By Kyla Hansen, CPA, CVA An employee stock ownership plan, or an ESOP, is a retirement program that allows its participants to be owners of the company for which they work. As a business owner, you might consider an ESOP as a way to provide a valuable benefit for your employees. But this isn’t the […]
Now is the Time to Start the Transition Planning Process
By Todd J. Koch, CPA, MBT, CFP® For business owners, the prospect of handing over the reins can be difficult at best, painful at worst. For this reason, many business owners avoid even thinking about it. But leaving transition planning on the back burner could leave your business in a perilous spot. Here are a […]