Why ESOPs Can Be More Than an Exit Stragegy
In a recent Forbes article, PFS Brands founder Shawn Burcham talks with Darren Dahl, contributor to Forbes magazine, about his reasons for selling his reasons for creating an employee stock ownership plan, or ESOP. Mr. Burcham – in his mid-40s and far from retirement age – sold his business to the ESOP to help grow the business faster. Having a 100% ESOP will relieve the company from paying corporate taxes, show commitment to the employees' future and incentivize them to pull together to fulfill their ambitious growth plans.
To read more about ESOPs as a corporate finance tool, click on "Why ESOPs Can Be More Than An Exit Strategy."