ESOPs are qualified retirement plans, typically stock bonus plans, which must invest primarily in the stock of the sponsoring employer. The sponsoring employer is your business.
‘Eighty-four percent of members report motivation and productivity increasing as a result of the ESOP.’
–ESOP Association and the Employee Ownership Foundation Survey, August 2010.
Carmine Abruzzo was the 60-year-old owner of a company that employed just over 75 employees, many who had worked with Carmine since he started the company. Over the years, a number of professional buyers (usually representing private equity groups) had approached Carmine, expressing their interest in buying. Additionally, several of Carmine’s customers had approached him about selling due to the company’s expertise and performance.
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October 19, 2016 Whitepaper 0 Comment(s)
October 19, 2016