EMPLOYEE STOCK OWNERSHIP PLANS
Selling to an employee stock ownership plan (ESOP) can be an advantageous alternative to a traditional third party sale. An ESOP is a tax-qualified retirement plan that requires no employee contributions. This unique succession option is not only an employee benefit but also carries substantial tax incentives to the company and selling shareholders. Additionally, an ESOP enables sellers to retain operational control of the business and preserve the existing corporate culture. The McLean Group’s extensive ESOP advisory experience combined with its investment banking and business valuation services, yields a dexterity of capabilities beneficial to a business owner seeking to transfer ownership through an ESOP.