When facing a business transition, business owners have a variety of options that include a sale to outside or inside parties. A sale to inside parties can be achieved through a direct sale, or through the use of an Employee Stock Ownership Plan (ESOP). For business owners without an established …
Getting from A to ESOP
In Episode 5, we tackle the question of how to figure out if an ESOP is potentially the right strategy for you. Unlike 401(k)s or other common retirement plans, implementing an employee stock ownership plan generally requires a formal purchase and sale of shares, with preparation, negotiation, and …
What’s the Deal with ESOPs?
In Episode 3, Chris Kramer and Chase Hoover talk about a flexible, tax-advantaged alternative exit strategy for business owners who are ready to make that long-awaited transition. It’s a plan that can preserve or even enhance corporate culture, provide a meaningful employee benefit, and ensure the …
Closing the Wealth Gap, a Modest Proposal
Closing the income inequality gap has been a hot topic on both sides of the aisle for many years. Perhaps more impactful to the long-term sustainability of our democracy is closing the wealth inequality gap. Half of the working age population have no retirement savings, and 20% have no wealth at …