Using an Employee Stock Ownership Plan to Exit Your Business

According to the National Center for Employee Ownership, as of March 2017 there were 6,717 ESOPs in the United States, holding total assets of more than $1.3 trillion. These range from small private companies to large public companies, and just about every type of company in between. Depending on the size of your company, timeline and long-term business goals, this exit strategy could be a viable option. In deciding the best approach for your business, take these factors into consideration.

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Cinncinati’s Fifth Third Bank offers excellent insight into ESOPs. EGS offers quick, clear guidance to develop this exit strategy.