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Hidden Advantages of ESOPs as an Alternative Succession Strategy
Fox Rothschild LLP Link to more items from this source
Dec. 27, 2013

"When business owners are evaluating the exit strategies available to them, there are additional advantages to ESOPs that make them well worth exploring. Third-party purchasers usually demand complete control of the acquired business from day one, although financial buyers may require the seller to remain with the business after a sale for some transition period. With an ESOP, a business owner can choose to sell all or only some portion of his or her stock to an ESOP in the transaction. This is a big advantage to owners who want to remain involved with the operation of the company for some period of time, while still taking some 'chips off the table' at such time or times as he or she desires."

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