Exit Planning for Business
Selling Your Business
For most business owners, the majority of the funds they will live on during retirement will come not from deferred savings plans (i.e. IRA’s or 401k’s), but from the proceeds from the sale of their business. Designing the right Exit Strategy is critical, therefore, to ensuring you will have enough money to live on during retirement, and to pass on to your children and beneficiaries.
An ESOP is a way for an owner to sell his founders stock to his employees, and allows them to use pre-tax dollars to purchase their interest in the company.Combined with tax savings when the owner takes advantage of certain Internal Revenue Code provisions, and selling your business to an ESOP may be the most tax-advantaged sale you could make.
Click the link to Read More about Employee Stock Ownership Plans
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