Sharing the wealth: ESOPs offer business owners an exit strategy, if they plan ahead

When Mark Lindquist purchased Rapid-Line Inc. in 1989, he completed the transaction with a strategy for exiting the business already in mind. Shortly after signing the paperwork to acquire the Wyoming-based contract manufacturer, Lindquist established an employee stock ownership plan (ESOP) to cement a clear path for his eventual retirement.

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ESOPs are useful for many businesses, but certainly not all. EGS will help you figure out if an ESOP is best for your business, starting with a courtesy consultation.