299. What’s in It for Me? Breaking Down ESOPs

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Employee Stock Ownership Plans continue to grow in popularity. Today, more and more owners are considering ESOPs as their ideal succession strategy. They realize that it’s a great way to empower their team and promote continued business growth – long after they retire.

We’re going to answer the big question business owners are asking concerning ESOPs: “What’s in it for me?” And to help us answer this question, we have ESOP expert, Ted Lape, back with us to dig into the topic.

Listen to this episode of unsuitable to learn:

• What the various forms of ownership transitions are
• The current outlook for business owners looking to transition
• How to prepare for ownership transition and what risks to be aware of

Learn more about this topic:

• Listen Episode 205: “What Is An ESOP & How Does It Work?”
• Read: ”Exit Planning Options Every Business Owner Over 50 Should Know”
• Listen Episode 221: “How To Successfully Exit Your Business”

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