Director-in-Charge, Business Advisory Group
Director, Audit & Accounting
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 ESOP accounting as well as with the tax and regulatory complexities of ESOPs, including leveraged plans, share allocation, and the valuation process.
Learn about the benefits of an ESOP 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.