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513: How to Sell Your Business Without Selling Out – The ESOP Strategy

Wealth Formula by Buck Joffrey

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Understanding Employee Stock Ownership Plans (ESOPs)

This chapter explores Employee Stock Ownership Plans (ESOPs) as an exit strategy for business owners, emphasizing their benefits in employee ownership and business transitions. It covers the mechanics of ESOPs, including financing options and tax advantages, and illustrates the practical steps for companies considering this model. The discussion also highlights the growing appeal of ESOPs among retiring business owners, ensuring company stability while benefiting employees.

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