Business owners look to ESOPs for smooth succession planning
Mainebiz has taken an active role in covering the evolution of the Employee Stock Ownership Plans for more than a decade.
We’ve done stories about ESOPs, run related “how to” columns and hosted a panel discussion around the topic. The rise of ESOPs has been interesting to follow.
As Maine small businesses continue to grow and change, the ESOP model offers some attractive advantages — particularly as an owner is looking to retire.
The succession planning aspect of ESOPs continues to offer a viable alternative to a traditional sale of a company. It’s nice to be able to offer the ESOP model as a way to hold onto our small businesses.
This issue offers an overview of the ESOP model, while getting into some specifics on how to navigate the M&A process and answer questions about the cost, the payout and what’s in it for the employees.
The issue also offers “how to” columns from experts and a list of Maine’s largest ESOPs.
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