Employee Stock Ownership Plans (ESOPs)
When you invest in your employees, you invest in the financial health of your company, and provide exit strategies for shareholders reaching retirement age. Benefit Services assists you in establishing an ESOP that benefits your overall operation. The same is true when you invest in corporate-owned life insurance that covers employees that are vital to your business.
An employee Stock Ownership Plan (ESOP) is a financial strategy used to allow a business owner to have an exit strategy to sell the company to his employees rather than a competitor or congolmerate. There are tax advantages to the selling owner and additional benefits to the employees.