Is your Company a Good Fit for an Employee Stock Ownership Plan (ESOP)?
“Employee Stock Ownership Plans can be a flexible alternative to selling your company to gain wealth. It just takes an understanding of what you and your employees are trying to accomplish.”
– Marc Lewyn, CEO
JOYN Strategic Liquidity Services
If you’re like many successful entrepreneurs, a significant amount of your personal wealth consists of your ownership interests in the company.
Most people think that the logical way to access that wealth is to sell the company. As JOYN’s CEO of Strategic Liquidity Services noted in a recent Forbes article, most feel they are not financially secure after a sale nor do they feel good about the non-financial outcomes of a sale. In fact, a famous PriceWaterhouseCoopers study indicates 75 percent of business owners report that they are not happy with the outcome, and only 5 percent are happy with their net proceeds.
An ESOP (Employee Stock Ownership Plan) may be an attractive option.
Why Consider Other Options Besides Selling?
Of the Business Owners Polled After Selling their Business…
75% Regretted Their Decision to Sell…
Just 5% were happy with their net proceeds…
*Source: PricewaterhouseCoopers / Exit Planning Institute study of former business owners, 2012-2013
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