In Episode 3, Chris Kramer and Chase Hoover talk about a flexible, tax-advantaged alternative exit strategy for business owners who are ready to make that long-awaited transition. It’s a plan that can preserve or even enhance corporate culture, provide a meaningful employee benefit, and ensure the …
Closing the Wealth Gap, a Modest Proposal
Closing the income inequality gap has been a hot topic on both sides of the aisle for many years. Perhaps more impactful to the long-term sustainability of our democracy is closing the wealth inequality gap. Half of the working age population have no retirement savings, and 20% have no wealth at …
Taking the Mystery Out of ESOP
In an interview with Business Growth Café, the host described the process of selling his company to a third party, wondering how he could have done it differently. In addition to not getting as much as he thought the Company was worth, he was ruminating over decisions he made regarding his exit …
ESOP’s Tax Advantages and Benefits
In the universe of exit strategies for owners of privately held companies there are, basically, five approaches – family transfers, mergers and acquisitions, third-party sales, sales to employees, and the Employee Stock Ownership Plan (ESOP). Alone among them, Congress deliberately designed …