An ESOP, or employee stock ownership plan, provides a tax-advantaged solution that can meet a company’s needs in a variety of situations. ESOPs can be used to generate shareholder liquidity, create a market for the shares of a closely held company, increase employees’ productivity by making them beneficial owners, and support a tax-advantageous exit strategy for departing shareholder(s). Ed Renenger, President and CEO of SES ESOP Strategies, will provide an introduction to ESOPs and review the benefits, risks and process involved in establishing employee ownership in your firm.
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