Director-in-Charge, Business Advisory Group
Director, Audit & Accounting
Center for Private Company Excellence Specialist
An ESOP plan is a qualified retirement plan that is a valuable tool as part of a shareholder transition strategy. ESOP plans have the following advantages:
As an exiting owner, an ESOP plan 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, ESOP plans 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 ESOP accounting as well as with the tax and regulatory complexities of ESOP plans, including leveraged plans, share allocation, and the valuation process.
Learn about the benefits of an ESOP plan as a private company transfer strategy, and about our many ESOP accounting services. When you’re ready to engage with Kreischer Miller business advisors for ESOP accounting and more services, please connect with us.
We recommend this Kreischer Miller article – 5 Questions to Determine Whether an ESOP is Right for Your Company – as more good introductory material on this transition strategy for your private company.
Lastly, our Center for Private Company Excellence Seminar: ESOPs as a Growth and Liquidity Vehicle, presents plenty of good introductory material to help get you up-to-speed on this financial strategy. Please view and listen to segments from the seminar.