Karen Knapstein

Aug 29, 2024 | garageshedcarportbuilder.com | Karen Knapstein |Financing Advice

By Karen KnapsteinUpon exiting a business that has taken a lifetime to build, it’s disappointing to turn over a large portion of its value to the IRS. Fortunately, if a business meets certain criteria, an employee stock ownership plan (ESOP) can provide the exiting owner with attractive benefits. It can also provide the new owners (employees) with benefits that make the business more successful.