By Kyla Hansen, CPA, CVA An employee stock ownership plan (ESOP) can be a great way to transition your business and give back to your employees. But it’s not ideal for everyone. Before you move forward with an ESOP, it’s wise to do your homework and make sure it’s right for you. (This is partly […]
Mergers and Acquisitions: 5 Best Practices for ESOP Companies
By Amy Crouzer, CPA Merging with or acquiring another company can be a way to achieve growth. A merger or acquisition can provide numerous benefits, including expanding your company’s product or service offering, geographic reach, and in-house talent, as well as achieving other strategic goals. But these transactions require careful consideration. This is especially true […]
3 Things Every Business Owner Should Know About ESOPs
By Logan Kalis, CPA When it’s time to transition your business, you have several options to consider. One that’s becoming more and more popular, especially for business owners who would like to give back to the employees who helped grow the company or would like to stay involved in the company, is to establish […]
Could Transitioning to an ESOP Jeopardize Your Company’s Status as a Disadvantaged Business Enterprise (DBE) or Other Preferred-Status Certifications?
By Amy Crouzer, CPA Preferred-status certifications, such as a minority-owned or women-owned business designations, are designed to increase economic opportunities for historically disadvantaged groups. Similarly, one of the many purposes of an employee stock ownership plan (ESOP) is to increase economic opportunities for working-class Americans by giving them the opportunity to own stock in a […]
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 […]