Family-Owned Businesses Specialty Area Leader
ESOP Specialty Area Leader
Center for Private Company Excellence Specialist
An ESOP is a qualified retirement plan that is a valuable tool as part of a shareholder transition strategy. ESOPs have the following advantages:
As an exiting owner, an ESOP can help you diversify your assets, create liquidity, and realize tax benefits. It also allows you to control the timing of your succession and transfer and stay involved in the business post-retirement, if you choose.
At the same time, ESOPs provide a powerful incentive for employees by giving them an opportunity to share in the company’s growth on a tax-deferred basis. Studies have shown that ESOPs have a tangible effect on employee morale and productivity, turnover, and company performance.
Kreischer Miller has deep experience in the accounting, tax, and regulatory complexities of ESOPs, including leveraged plans, share allocation, and the valuation process.