Episode 70: Employee Stock Ownership Plans (ESOP)

In this episode:

• Withholding taxes from your IRA to cover estimated tax payments.
• Usings Section 179 instead of Bonus Depreciation.
• Retirement planning strategies for business owners.
• Employee Stock Ownership Plans (ESOP) - What they are and when they're a good fit.

We also speak with Christopher Baker, P.E., President and CEO of George & Lynch, Delmarva's top infrastructure contractor.  He speaks about the history of George & Lynch and what it takes to reach a business's 100-year anniversary.  He also talks about creating ESOP plans to give employees a greater sense of ownership of the company, how supply chain interruptions impact a business, and what George & Lynch has planned for the future.