227: ESOPs – Employee Stock Ownership Plans Explained

A few months ago, Ted Lape, a partner at Lazear Capital, helped us gain a better understanding of Employee Stock Ownership Plans – or ESOPs. Since then, ESOPs have generated even more interest within the business community, which naturally means there are more questions to answer. 

So, to provide additional clarity, we’ve invited Ted back to tell us why ESOPs have continued to gain momentum and to explain what’s in it for the business owner who decides to go this route.

Listen to this episode of unsuitable to learn:

• How selling to an ESOP can fulfill the desire for “significance” and “relevance,” as well as the desire for the features and benefits
• Why employee productivity, retention, and recruitment are enhanced by an ESOP
• The financial benefits of an ESOP, both before and after tax

Learn more about this topic:

• Listen “Episode 205: What Is An ESOP & How Does It Work?”
• Read: “Exit Planning Options Every Business Owner Over 50 Should Know”
• Listen “Episode 221: How To Successfully Exit Your Business”

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