If you can’t decide whether or not an employee stock ownership plan (ESOP) is the right business ownership strategy for your company, consider the following: company culture and feasibility.
Are your employees empowered? Do they have entrepreneurial personalities? These are some of the questions you have to ask yourself to determine if an ESOP is a good fit for your business. In addition to culture fits for an ESOP, there are financial factors that can determine if an ESOP is right for your business. Partnering with an outside consultant to do a feasibility study can help you outline your goals, look at the transaction, ensure there is proper financing, check for adequate cash flow, and help you with the debt service over the years.
In this webinar, you will learn:
Fill out the form to download the webinar.