Tag Archives: Employee Stock Ownership Plan

As Baby Boomers Retire, ESOPs Help Employees Take Over the Businesses

Building a successful business, whether it’s a factory, a service company or a retail outlet, is a lifetime accomplishment. But there comes a time when even a successful business owner wants to step down and retire. Creating an Employee Stock Ownership Plan (ESOP) can protect a business’s legacy and its longtime employees. This is how it’s done.